What was significant about the 1823 Monroe Doctrine?

Question

Quizplus · Accepted Answer

The 1823 Monroe Doctrine proclaimed America's determination to keep European influence out of Latin America. It stated that the United States would not tolerate any new colonization in the Western Hemisphere or any interference by European powers in the affairs of Latin American countries. This doctrine established the United States as the dominant power in the Western Hemisphere and set the stage for American intervention in Latin American affairs in the decades to come.

What Was Significant About the 1823 Monroe Doctrine