Question

During the independence movements of many Latin American countries, many wealthy citizens moved back to Spain.
Explain why this presented a problem for the new nations.​

Answer 1

Answer:

After three centuries of colonial rule, independence came rather suddenly to most of Spanish and Portuguese America. Between 1808 and 1826 all of Latin America except the Spanish colonies of Cuba and Puerto Rico slipped out of the hands of the Iberian powers who had ruled the region since the conquest. The rapidity and timing of that dramatic change were the result of a combination of long-building tensions in colonial rule and a series of external events.