> I don't think it took 100's of years for people to figure out that a continent teaming cod, timber, and beavers might be a good place to set up trade. Grated, early on, they thought it was a continent full of gold and spices.

But it did! There were very basic, underfunded French colonies in North America for example for at least a hundred years before they really sent a lot more people and realized the wealth that could be had. At the same time the colonizing countries also had great internal issues, but had they known how much profit could've been made from investment, undoubtedly they would've been colonizing in full force much earlier.