The correct answer is - True.
Once the Americas were discovered, big rivalries began between the European colonial powers like the likes of Spain, England, France, Netherlands, Portugal. This was due to the desire for gaining as much land as possible, the biggest amount of resources, but also spreading of the religion. The gaining of land and resources was mainly of economic interest, because the more land and resources they had, the more powerful and wealthy they were becoming, while the religion was used for control over the people as well for creating unity in the societies.