What is a system where wealth and property are privately held and profit is the goal rather than providing for collective needs?

This system is called "capitalism" - and this system is named after the "capital", that is the means of production, such as factories, machines and the land. This capital is in the hands of private people and not in the hands of the government (that is not a communal good)

France played a key role in the american revolutionary war (american war of independence; 1775–1783). motivated by the ideals of the new nation which were inspired by the french enlightenment, as well as its long-term rivalry with britain and so as to avenge their territorial losses during the french and indian war, france secretly began sending supplies to the americans in 1775.