The purpose is "To promote the Progress of Science and useful Arts". This is achieved by "securing for limited Times..the exclusive Right".
Monopoly and financial compensation are not the aim of constitutional patent law, merely the means to an end.
Knock-off devices were common then as they are now, and in the absence of patent law, the best protection for so-called intellectual property is to just keep it secret. This, of course, has a negative impact on society, as research effort gets duplicated, and the state of the art advances more slowly than it otherwise could.
So, the balance is - share with the world the details of making your invention (i.e., progress the science or useful art), and in exchange, we'll guarantee that your openness doesn't bite you by aiding your competitors (we'll give you a time-limited exclusive right).