Answer:
This passage is true, and reflected the dominant mood of the creole elites during the period.
Step-by-step explanation:
In Latin America, elites were more identified with the metropoli, as they justified their economic dominion over the popular classes with the authority of it (the status quo). For that, it was a more conservative class, and it was not until it seemed that the European monarchy turned to a more liberal standing (which was what happened in Spain in 1820) or the fact that the weakened metropoli could not guarantee it's interests (the case of Brazil and Portugal) that these elites decided to side with the independence movements, but always maintaining the conservative, rigid and stratified status quo, not a liberal and democratic revolution.