Let's say that for whatever reason - whether it's struck down in the Senate, Monroe dies somehow, or even if the US fails to come into existence - the Monroe Doctrine does not come into being. Furthermore, let's say the USA of TTL is weakened somehow - perhaps no Louisana Purchase - and is unable to exert influence into Latin America at all.
Now, with no Monroe Doctrine, Europe has a free hand in Latin America. What would Europe decide to do with it? Would they puppetize the Latin states, or would they decide on outright conquest? How might European influence manifest itself? Would Europe even get involved in Latin America at all?
Now, with no Monroe Doctrine, Europe has a free hand in Latin America. What would Europe decide to do with it? Would they puppetize the Latin states, or would they decide on outright conquest? How might European influence manifest itself? Would Europe even get involved in Latin America at all?