Final answer:
The Good Neighbor Policy, initiated by President Franklin Roosevelt in 1934, aimed to reduce American intervention in Latin American countries and improve bilateral relations.
Explanation:
The Good Neighbor Policy was implemented by President Franklin Roosevelt in 1934 as a pledge of American respect for the sovereignty of Latin American countries, reducing U.S. intervention in the region. However, this did not completely end American involvement in Latin America. The policy aimed to strengthen relations between the United States and Latin American nations.
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