The Venezuelan crisis and British acceptance of US influence

Did the Venezuelan crisis of 1901-02 mark Britain conceding the Caribbean to the United States under the Monroe Doctrine?

Britain preferred American involvement to German expansion because the United States did not threaten British interests there in the same way Germany might.

The crisis was not a simple British surrender of the Caribbean. Britain preferred the United States to step into the regional role rather than leave space for Germany. At that point, American policy and investment did not threaten Britain's position in Venezuela in the same way German ambitions could. The calculation concerned relative threat rather than affection or legal doctrine alone. Accepting American influence could preserve local stability while limiting a more disruptive competitor.