Complete the following paragraph about the revolutions in latin america. after latin american nations won independence, us president issued a warning to european countries. he told european countries that they attempt to take back the colonies that they had once owned.

Monroe Doctrine--This doctrine was announced in 1823 as a statement to Europe that they were no longer welcome in the Western Hemisphere as colonial holders. 

Following the American Revolution and those of Mexico, Haiti, and South America, European countries had been almost completely pushed out of the Western Hemisphere. James Monroe announced his doctrine in 1823, stating the US would assist any country who had their independence threatened. This was to ensure the freedom of these new countries. 

Ain the free market economic system the government is hands off from all supply and demand rates