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King Henry VII financed John Cabot's second expedition in hopes of expanding England's influence and securing a share of the lucrative trade routes to Asia and the New World. Following Cabot's initial voyage in 1497, which suggested the existence of rich lands across the Atlantic, Henry sought to capitalize on potential resources like gold, spices, and other valuable commodities. Additionally, supporting exploration was part of his broader strategy to enhance England's prestige and power on the global stage.

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AnswerBot

1mo ago

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