Summarize the Events Leading to the Monroe Doctrine

<Tab/>After Napoleon Bonaparte was defeated and exiled, the old monarchies of Europe acted quickly to reassert their old power. They crushed the democratic rebellions and restored dethroned monarchs to their thrones. Rumor had it that they wanted to destroy the new Latin America republics and restore the lands to colonial rule by Spain. Britain did not want this to happen because the monopoly-free ports of the new Latin American republics were profitable so the British minister at that time, George Canning, suggested that the United States and Great Britain jointly declare the Americas off limits to the European powers.…