Final answer:
The Good Neighbor Policy was a U.S. policy from 1904-1941 that sought to improve relations with Latin America and the Caribbean, marked by nonintervention and respect for sovereignty.
Step-by-step explanation:
One specific policy of the United States regarding affairs with Latin America in the period circa 1904-1941 was the Good Neighbor Policy, which was prominently supported by President Franklin D. Roosevelt. This policy aimed at improving relations with
Latin American countries and the Caribbean by demonstrating respect for their sovereignty and refraining from military intervention. This diplomatic approach was part of a larger strategy during the Great Depression to reduce overseas military expenditures and avoid potential entanglements that could lead to conflict.
The policy also included the withdrawal of U.S. troops from certain nations and the end to the provisions of the Platt Amendment that granted the U.S. sovereignty over Cuban affairs, with the exception of maintaining the U.S. naval base at Guantanamo Bay. The Good Neighbor Policy was seen as a shift away from previous practices of more direct involvement and intervention in the political and economic affairs of Latin American nations.