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Answer: The statement is true.

  • After Christopher Columbus reached America in 1492, Europeans learnt of a vast new continent rich in gold, silver, fertile land and forests.
  • Spain conquered the Aztec empire of Mexico and the Inca empire of Peru and carried away huge treasures; Portugal took Brazil.
  • England, France and Holland set up colonies in North America for land, fur, fish, timber and plantations of tobacco, sugar and cotton worked by African slaves.
  • Religious persecution in Europe, the wish to spread Christianity, and rivalry among European nations for wealth and power also encouraged them to establish colonies in America.
Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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