The reasons why the United States provided loans for the Latin American countries after they gained independence from Spain were mostly of economic and political interests.
By providing loans to these newly formed nations, the United States tried to create a positive opinion by the people in these nations about them, as they would have thought that the United States are helping them to develop. The real reason why the loans were granted though was to make these nations economically dependent and connected with the United States, thus the United States to have big power over them. Also, because this is a region in the neighborhood of the United States, they wanted to make sure that they would have things under control, create good relations with these nations, and avoid any future problems.
New Jersey Plan. The New Jersey Plan (also known as the Small State Plan or the Paterson Plan) was a proposal for the structure of the United States Government presented by William Paterson at the Constitutional Convention on June 15, 1787.
