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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from A Straight Deal by Owen Wister: dictating to England the manner in which she should settle a difference
with another country. Salisbury declined. On December 17th Cleveland
announced to England that the Monroe Doctrine applied to every stage of
our national Life, and that as Great Britain had for many years refused
to submit the dispute to impartial arbitration, nothing remained to us
but to accept the situation. Moreover, if the disputed territory was
found to belong to Venezuela, it would be the duty of the United States
to resist, by every means in its power, the aggressions of Great Britain.
This was, in effect, an ultimatum. The stock market went to pieces. In
general American opinion, war was coming. The situation was indeed grave.
First, we owed the Monroe Doctrine's very existence to English backing.
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