The Napoleonic Wars and the occupation and destruction of Iberia that resulted from them left Spain bankrupt and unable to financially maintain a presence in South America. Despite the futility of any continued attempts to hold on to the Empire the Spanish government continued to fight a number of wars against South American movements led by Bolivar. Furthermore, they continued to insist on a continued presence on the North American continent, despite a desperate need for the money that the Americans were more than happy to provide.
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| - The Napoleonic Wars and the occupation and destruction of Iberia that resulted from them left Spain bankrupt and unable to financially maintain a presence in South America. Despite the futility of any continued attempts to hold on to the Empire the Spanish government continued to fight a number of wars against South American movements led by Bolivar. Furthermore, they continued to insist on a continued presence on the North American continent, despite a desperate need for the money that the Americans were more than happy to provide.
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| - The Napoleonic Wars and the occupation and destruction of Iberia that resulted from them left Spain bankrupt and unable to financially maintain a presence in South America. Despite the futility of any continued attempts to hold on to the Empire the Spanish government continued to fight a number of wars against South American movements led by Bolivar. Furthermore, they continued to insist on a continued presence on the North American continent, despite a desperate need for the money that the Americans were more than happy to provide. It soon became clear that it would be impossible for the Spanish to hold their South American colonies and furthermore that their colonies in North America had begun to lean the same way as their South American cousins, influenced by both Bolivar's success in the south and the success of the new United States in the north. It was at this point that the other European powers decided to step in. The constant warring in the Americas impacted on the all important trade of goods across the Atlantic. The Concert of Europe decided upon an arbitrary amount of gold to pay to the Spanish for the loss of South America to be recovered through shipping tariffs and forced them to sell their northern colonies to the USA. As a result, only Cuba and a few other islands remained of the Spanish empire anywhere on the Globe. Despite the financial compensation, mismanagement of the country and increasingly expensive repressive tactics used against Basque and Catalonian separatists caused Spain to sink into depression and ruin.
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