Yes, because Madison decided to let Europe know that in the Americas, the United States would not let the European monarchies reclaim power. The Monroe Doctrine had a long lasting effect on the foreign policy of the United States. It was the beginning of the Americas of the U.S. functioning as a multinational police force. Although it forbade European powers from colonizing more American territories, the Monroe Doctrine was drafted while the U.S. did not have the military might to enforce it. That changed as the U.S. emerged as a global power.