Latin-American Economies and
World Markets, 1820-1870
•After the defeat of
Napoleon any plans for ending Latin American independence were thwarted by the
opposition of Britain and the United States.
•The price for British
support was freedom of trade.
•The US had the Monroe
Doctrine which was a declaration signed in 1823 that stated that any attempt by a European
country to colonize the Americas would be considered an unfriendly act.