USA HISTORY

Detailed explanation-1: -Columbus ’ contract with the Spanish rulers promised that he could keep 10 percent of whatever riches he found, along with a noble title and the governorship of any lands he should encounter.

Detailed explanation-2: -In 1492, King Ferdinand and Queen Isabell, the joint monarchs of Spain, agreed to finance Columbus’s voyage in return for the gold, spices, and riches that he might find.

Detailed explanation-3: -In April 1492, Queen Isabella and King Ferdinand of Spain agreed, Columbus would be named Admiral, be put in charge of the newly opened lands, and hence be able exploit any potential trade. Furthermore, a tenth part of the riches Columbus found there could go into his own pocket.

Detailed explanation-4: -What did Columbus aim to do? In the 15th and 16th centuries, Europeans wanted to find sea routes to the Far East. Columbus wanted to find a new route to India, China, Japan and the Spice Islands. If he could reach these lands, he would be able to bring back rich cargoes of silks and spices.

Detailed explanation-5: -He persuaded King Ferdinand II and Queen Isabella I to sponsor his quest to find a westward route to China, India, and Japan-lands then known as the Indies. The monarchy considered Columbus’s expedition as an opportunity to expand Spain’s trading network into the Indies’ lucrative economy.