The Monroe Doctrine is the best known U.S. policy toward the Western Hemisphere. Buried in a routine annual message delivered to Congress by President James Monroe in December 1823, the doctrine warns European nations that the United States would not tolerate further colonization or puppet monarchs.
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The expansion of colonization was important for the Industrial Revolution in England because as industry grew more raw materials were required. England produced limited raw materials, therefore it depended heavily on colonization in Asia and Africa. Its colonies were important sources of raw materials, such as cotton and rubber. England typically invested enough to make a profit in the colonies, usually building railroads and telegraph lines. Local workers in the colonies were exploited through low wages and dangerous work conditions.
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