European monarchs colonized to acquire wealth, retaliated against attacks, and focused on economic expansion through new markets.
The key purpose of the colonization of the Canary Islands, Africa, and the Americas by the Western European monarchs was to create and accumulate wealth. Monarchs sponsored naval expeditions to search for riches in new lands, seizing precious metals like gold and silver to increase their wealth and power.
When the Spanish destroyed the French settlement in Caroline in the 1590s, the French retaliated and sought to maintain their presence and economic interests in the region.
European powers sought to expand their markets and acquire raw materials overseas to bolster their economies through colonization and trade.
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