"Spain" decided to gamble on Christopher Columbus new and radical route to the east by sailing west
Explanation:
The kingdom of Spain had decided to gamble on the long sail which will move across the unknown ocean. They did to get back the gold as well as spices, they have also been promised the Columbus that they will 10% of the profit, along with the governorship over the newfound lands. and they have also famed that it would go with the new title Admiral of the Ocean sea.
The king is basically giving them a license to start a colony. It's like how you can't drive a car unless you have a drivers license, but with colonies.
