Although U. S. capital investments within the Philippines and Puerto Rico were relatively small, these colonies were strategic outposts for expanding trade with Latin America and Asia, particularly China.

Although U. S. capital investments within the Philippines and Puerto Rico were relatively small ( figures that would seemingly detract from the broader economic implications on first glance ), " imperialism " for the United States, formalized in 1904 by the Roosevelt Corollary to the Monroe Doctrine, would also spur its displacement of Britain as the predominant investor in Latin America — a process largely completed by the end of the Great War.

Although U. S. capital investments within the Philippines and Puerto Rico were small, some politicians hoped they would be strategic outposts for expanding trade with Latin America and Asia, particularly China.

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