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The Drago Doctrine was announced in 1902 by Argentine Minister of Foreign Affairs Luis María Drago in a diplomatic note to the United States. This doctrine stated that simply failing to repay national debt was not a valid reason for foreign intervention, especially by a power outside of the Western Hemisphere. The doctrine was a response to the European powers' blockade of Venezuela, which occurred after the country defaulted on its debt. Washington accepted and used the Drago doctrine. In order to prevent further interventions, the United States took control of the customs of several Latin American countries to ensure debt payments were made to Europe.
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