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The Roosevelt Corollary, established by President Theodore Roosevelt in 1904, acts as an extension of the Monroe Doctrine, which was initially articulated in 1823.
While the Monroe Doctrine prohibited European interference in the Western Hemisphere, the Roosevelt Corollary asserted that the United States would intervene in Latin America to prevent such interference.
This shift was prompted…
Jevon's Paradox is the counterintuitive idea that improvements in efficiency (in this case fuel) tend to increase, rather than decrease, overall use of that resource (in this case fuel).
In 1865, William Stanley Jevons, a British economist, observed that despite significant improvements in coal efficiency in steam engines, total coal consumption actually rose. Rather than saving fuel, efficiency made…