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A group of Venezuelan boldly proclaimed their country an independent republic.
Although their effort failed, it forewarned of the revolutionary movements that were soon to inflame Latin America.

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It provoked great instability in the relations between the rulers and their colonial subjects in the Americans.

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Francisco de Miranda tried unsuccessfully to land on the Venezuelan coast with a group of mercenaries whom he had recruited in New York City.

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Miranda signed an armistice with Spain. Other revolutionary leaders viewed this action with contempt, and Miranda was subsequently turned over to the Spaniards, who sent him first to Puerto Rico and later to Spain, where he died in prision in 1816

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All of Latin America except the Spanish colonies of Cuba and Puerto Rico slipped out of the hands of the Iberian powers who had ruled the region since the conquest.

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britannica.com
donquijote.org