<span>For a decade, Columbus approached the Portuguese king and the Spanish monarchs to obtain a grant to explore possible trade routes to the west. After initially turning him down, King Ferdinand and Queen Isabella reconsidered once the Moors had been successfully expelled from Spain in 1492. Columbus promised to bring back gold, spices, and silks from the Far East, to spread Christianity, and to lead an expedition to China. In return, Columbus asked for and got the hereditary title "admiral of the ocean seas" and became governor of all discovered lands.</span>
Corona obviously and let China ppl know abt it first
The term 'invisible hand' was first used by Adam Smith in the 18th century to describe the efficiency in the autoregulation of free markets, where free means not externaly intervened by governments. Intervention distorts markets and harms the efficiency of their functioning.
The main principle behind is that, when individuals pursue their "private" efforts they are generating larger wealth for society as a whole than if their first intention was to help society. The markets will be in charge of channelizing individuals interests into socialy desirable outcomes.
