This is capitalism: the usual definitions of capitalism that I read actually always include the phrases"free market" and "private ownership". (however, in practice very few countries are capitalist, most have a mixed economy with for example health care being partially controlled by the government.
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In the beginning of the age of discovery, England and France were looking for a new path to get to Asia to trade. But after they found the America’s and the West Indies, colonization for more for power. The more colonies each country could establish, the more power the country would have. A lot of the colonies were also making the home countries lots of money from the fur trade and from cash crops and from the Colombian exchange.
The Greensboro sit-ins were protest in integrating lunch counters at Woolworths