The year was 1903. President Theodore Roosevelt stood patiently on the stage of the Chicago Auditorium as five-thousand Americans applauded him (Morris 211). Only two years prior, Roosevelt had gained control of a country that was steadily emerging as a world power. “Speak softly and carry a big stick,” he declared to the crowd, “the Monroe Doctrine will go far” (Morris 211, emphasis in original). This was not the first time that Roosevelt hinted at his plans for a corollary to the first piece of American foreign policy. Roosevelt’s corollary would serve a somewhat different purpose: it would allow Americans to expand into various Latin American countries, including Haiti and the Dominican Republic. This desire for expansion was not freestanding; rather, it was caused by a period of accelerated industrialization which had begun in the late nineteenth century. It is the purpose of this paper to demonstrate the link between imperialism and industrialization by presenting three arguments: Firstly, accelerated industrialization in America resulted in a need for foreign markets and raw materials; secondly, Latin America was the ideal region in which to search for such markets and materials; lastly, because the Americans became involved in the finances of such countries as Haiti and the Dominican Republic and helped quell unrest there, exports increased. Before these points are explained, however, a brief outline of the history of the Monroe Doctrine and industrialization in the United States is necessary.