European explorers hope to gain wealth and land through their discoveries in America.
European explorers voyaged different places along with the unknown to find riches and lands.
- Europeans wanted to gain wealth from the New World. They also wanted to claim land in the name of their crown.
- Portugal and Spain were the first to develop colonial empires in distant places.
- Subsequently, the north-western European states later established their colonies in North America.
- The European expansion in the 15th and 16th centuries brought about a revolutionary change in the trading networks and the pattern of trade.
- It shifted the economic balance from the Mediterranean to the Atlantic.
- The Spaniards went initially to America for private profit and wealth.
- The gold and silver mines in South America epitomized the empire that old Spain wanted.
Therefore we can conclude that European explorers came to the new world to acquire wealth and land.
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