USA HISTORY

Detailed explanation-1: -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-2: -Columbus made his transatlantic voyages under the sponsorship of Ferdinand II and Isabella I, the Catholic Monarchs of Aragon, Castile, and Leon in Spain.

Detailed explanation-3: -When Columbus arrived back in Spain on March 15, 1493, he immediately wrote a letter announcing his discoveries to King Ferdinand and Queen Isabella, who had helped finance his trip.

Detailed explanation-4: -The royals were interested in locating a new route to markets in India, conquering new land, and finding sources of gold, but they were strapped for cash. Columbus intrigued Queen Isabella since he promised new wealth. King Ferdinand was interested in the proposal as Columbus was willing to work cheap.

Detailed explanation-5: -In April 1492, Queen Isabella and King Ferdinand of Spain agreed to appoint Columbus admiral, to assume responsibility for the newly opened lands and thus to be able to exploit any potential trade. In addition, a tenth of the wealth that Columbus found there could flow into his own pocket.