Because for expansion
European exploration was driven by a desire for wealth, power, and religious conversion, as well as advances in navigation technology. Nations sought new trade routes, resources, and territories to expand their influence and increase their wealth. Additionally, religious motivations spurred explorers to spread Christianity to new lands.
The economic system that drove European nations to create colonies in the New World was mercantilism. This system emphasized the accumulation of wealth, primarily gold and silver, through a favorable balance of trade and the establishment of colonies that could provide raw materials and serve as markets for finished goods. European powers sought to increase their national wealth and power by exploiting colonial resources and expanding their trade networks, ultimately leading to competition and conflict among nations.
mercantilism
why did the western European spend much of there wealth on building strong armies and navies
Exploration and commerce to create wealth
The Wealth of Nations was created in 1776.
The colonies supplied European nations with wealth such as raw materials, natural resources, trade routes, and a market place for finished goods.
The New World offered abundant natural resources such as gold, silver, and fertile land, which were highly sought after by European nations. Additionally, its vast agricultural potential provided valuable crops like tobacco, sugar, and cotton that fueled economic growth and trade. The exploration and colonization of the New World also opened new markets for European goods, further enhancing national wealth and power.
Portugal was Spain's greatest European rival for exploration and the search for riches during the Age of Exploration. Both nations were eager to claim new territories, find new trade routes, and acquire wealth through colonization and trade.
Africa had a wealth of Natural Resources
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