Monroe Doctrine Analysis Position Paper In 1820, there were many successful revolts of most of Spain’s Latin American colonies, which caused a great diplomatic challenge for the newly elected President Monroe. With the growing spirit of nationalism in America, and many of the European countries wanting to reclaim their revolting Latin American colonies, Monroe was confused at to what should be done. Congress was pushing towards recognizing the new republics as nations independent from European …showed first 75 words of 689 total…

…showed last 75 words of 689 total…of British industrial capitalism would create a profitable economic dominance over Latin America. For all these reasons, it made it obvious that with Great Britain’s support of the Monroe Doctrine, it would benefit themselves economically and politically. In conclusion, The Monroe Doctrine was not simply issued to protect the democratic countries of Latin America from further colonization or political control by European countries, but to personally benefit America and Great Britain economically and politically.