Answer: A series of military defeats in Europe
Explanation:
... frustrations with how independence had led to situations where caudillos (authoritarian leaders) rose to power.
Bolivar had wanted a united Spanish America, a great nations, but the wars of independence had tended to result in charismatic military rulers leading their own countries in authoritarian ways -- what we today would call dictators.
The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization—natural resources, new markets for English goods, leverage against the Spanish—without bearing the costs.
