They declared that the policy of the United States was to uphold republican institutions and to seek treaties of commerce on a most-favored-nation basis. The United States would support inter-American congresses dedicated to the development of economic and political institutions fundamentally differing from those prevailing in Europe. Monroe took pride as the United States was the first nation to extend recognition and to set an example to the rest of the world for its support of the "cause of liberty and humanity".[117]
For their part, the British also had a strong interest in ensuring the demise of Spanish colonialism, with all the trade restrictions mercantilism imposed. In October 1823, Richard Rush, the American minister in London, advised that Foreign Secretary George Canning was proposing that the U.S. and Britain issue a joint declaration to deter any other power from intervening in Central and South America. Adams vigorously opposed cooperation with Great Britain, contending that a statement of bilateral nature could limit United States expansion in the future. He also argued that the British were not committed to recognizing the Latin American republics and must have had imperial motivations themselves.