Independence from Britain necessitates independence from Great Britain's rule and governing principles, of which monarchy and hereditary succession are two examples. In order for Americans to want to break free of Britain, they had to believe that Britain's rules and philosophies were unjust; otherwise, there would be no reason to become autonomous.
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Roosevelt was concerned that some Latin American countries were not paying debts they owed to European countries. He thought the Europeans might come across the Atlantic Ocean and use their military to force Latin American countries to pay back their debts.