He thought the business cycle would correct itself
Queen of Sheba, Arabic Bilqīs, Ethiopian Makeda, (flourished 10th century bce), according to Jewish and Islamic traditions, ruler of the kingdom of Sabaʾ (or Sheba) in southwestern Arabia
I think your question is wrong
The King and Queen believed Spain would benefit from Columbus' findings. For example, if he did indeed find a quicker way to the West Indies, Spain could and most likely would trade with them. This new trading partner would greatly benefit Spain and it's economy.
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Why could the Creoles no longer count on the Spanish government to control social unrest after 1808? Because Napoleon's forces invaded Spain and the Spanish had to defend themselves instead of protect their colonies. Rebellion in Latin America was no longer Spain's top priority.
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