The document provides a summary of the colonial empires in Latin America held by Portugal and Spain from the 16th to 18th centuries, as well as the events leading up to the American Revolution. It describes how Portugal dominated Brazil and Spain had colonies in North and South America. Gold, silver, farming, and trade were major sources of wealth for the colonies. The Stamp Act of 1765 and subsequent taxation by the British Parliament without colonial representation led to growing tensions and the outbreak of the American Revolutionary War in 1775. The Declaration of Independence was issued in 1776 and American independence was recognized by the Treaty of Paris in 1783.