Drago Doctrine was proposed by Drago, Foreign Minister of Argentina. The Doctrine is in similar lines to Monroe Doctrine and says that no European country should interfere with the affairs of countries in the Americas on the ground of claiming public debt.
The countries in the Americas raised huge public debt from European countries, particularly, England, Germany and Italy. Venezuela is one country that failed to repay the debt. The European countries began to blockade them.
- The Doctrine lost significance after the United Nations Charter came into effect.