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Drastic Intervention. Monroe's successors not only upheld his doctrine-they extended it beyond the scope he originally gave to it. In 1845 James K. Polk declared, as the "settled policy" of the U.S., that "no future European colony or dominion shall with our consent be planted or established upon any part of the North American continent." Far broader was the Theodore Roosevelt extension of the Monroe Doctrine. Down through the 19th century, it was official U.S. policy that the Monroe Doctrine did not bar outside nations from using armed force against Latin American states to punish wrongs...

Author: /time Magazine | Title: The Presidency: The Durable Doctrine | 9/21/1962 | See Source »

...economists agreed with German Federal Bank Director Otmar Emminger, who felt that "a mild U.S. recession three to six months from now is a possibility." But many more, pointing to the continuing rise in U.S. purchasing and production, side with Allen T. Lambert, president of Canada's Toronto-Dominion Bank, who holds that "there is a tendency to overplay some of the weaknesses because North America is entering a new period of world competition. I certainly don't expect a recession in the next six to nine months.'' And a surprising number of the foreign experts...

Author: /time Magazine | Title: U.S. Business: As Others See Us | 8/3/1962 | See Source »

...radical dependence in being and becoming is the hallmark of the creature, so dominion not only of being but of becoming is the divine prerogative. Viewed in this light, the becoming of the evolutionary process is indeed divinely impregnated...

Author: /time Magazine | Title: Letters: Jul. 13, 1962 | 7/13/1962 | See Source »

Depending on Outsiders. There was also a natural rallying around the government in a time of national crisis, and most Canadians reluctantly had to admit that Diefenbaker's action was generally correct, even if overdue. Said A. T. Lambert, president of the Toronto-Dominion Bank: "Canada recognizes that we have been depending too much on outsiders to do too much for us and that we must depend more on our own efforts. A U.S. Treasury Department spokesman figured that Canadian dependence on its own efforts would cost the U.S. $350 million in trade and tourists if it lasted...

Author: /time Magazine | Title: Canada: Hard News | 7/6/1962 | See Source »

...fair will also be able to house visitors on the British cruise liner Dominion Monarch, an anchored dormitory that will accommodate 1,450 people. Gandy has given up hope of prying loose the Liberte to serve as a floating hotel...

Author: /time Magazine | Title: Fairs: Go West, Everybody | 4/27/1962 | See Source »

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