Final answer:
The U.S. bought rights from a French company for the construction of the Panama Canal, following the rejection of the treaty by Colombia. Roosevelt's Big Stick Diplomacy, using the threat or use of military force, differed from the subsequent policies of Dollar Diplomacy and Moral Diplomacy.
Step-by-step explanation:
Before building a canal across Central America, the United States needed to buy rights from a French construction company that had begun work on the canal in the 1880s.
Colombian reaction to the United States' canal proposal was that they felt Roosevelt's deal offered too little money.
The United States had to compensate Panama, and after the Colombian Senate rejected the treaty for rights across Panama, Roosevelt supported a revolution leading to Panamanian independence and subsequently negotiated the Hay-Bunau-Varilla Treaty.
President Theodore Roosevelt's Big Stick Diplomacy emphasized military strength and deterrence, while his successors, Taft and Wilson, introduced Dollar Diplomacy and Moral Diplomacy respectively.
Taft's approach focused on investing in foreign economies to extend American influence, and Wilson's strategy emphasized supporting nations with democratic values.