Final answer:
The Roosevelt Corollary aimed to assert the U.S. as a police power in the Western Hemisphere to maintain stability and protect U.S. interests. It led to multiple U.S. military interventions in Latin America, significantly impacting the region's economic and political landscape and shaping U.S. foreign policy.
Step-by-step explanation:
The objective of the Roosevelt Corollary was to extend the Monroe Doctrine and assert the United States' role as a police power in the Western Hemisphere. President Theodore Roosevelt declared that the U.S. would intervene in Latin American nations suffering from financial instability or political turmoil to maintain regional stability and protect American interests.
This extension was a significant change from the Monroe Doctrine's policy of noninterference as it provided a justification for U.S. intervention in the domestic affairs of its neighbors.
The Roosevelt Corollary had a profound impact on U.S. foreign policy and its relationship with Latin American countries. It led to a period of increased U.S. military interventions in countries like the Dominican Republic, Nicaragua, Haiti, and others. While the Corollary sought to protect American interests and investments, it was perceived by many in Latin America as an act of economic imperialism.
It realigned power dynamics in the region and, in many cases, redirected tax revenues to American and European banks. The Corollary shaped U.S. policy and attitudes toward the Western Hemisphere well into the twentieth century, and its effects are still discussed in the context of U.S.-Latin American relations.