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The Recovery of Bahía de Todos los Santos by Maíno (1632).. The decline of Spain was the gradual process of exhaustion and attrition suffered by the Spanish monarchy throughout the 17th century, during the reigns of the so-called minor Habsburgs, who were the last kings of Habsburg Spain: Philip III, Philip IV and Charles II.
European politics at the end of the 16th century became dominated by establishing an orderly succession in Spain that would not alter the balance between Europe's great powers. Bourbon France and Habsburg Austria and its allies went to war to determine the successor to Charles. The prize was the wealth of the Spanish Empire.
The Spanish Empire, [b] sometimes referred to as the Hispanic Monarchy [c] or the Catholic Monarchy, [d] [4] [5] [6] was a colonial empire that existed between 1492 and 1976. [ 7 ] [ 8 ] In conjunction with the Portuguese Empire , it ushered in the European Age of Discovery .
A European price revolution was first fed by silver from central Europe, but then by that from the Spanish American mines. Spain's increasing dependence on resources from the New World over the last century reduced incentives to develop or stimulate domestic production and to create a more efficient tax bureaucracy.
The Spanish Golden Age (Siglo de Oro) was a period of flourishing arts and letters in the Spanish Empire (now Spain and the Spanish-speaking countries of Latin America), coinciding with the political decline and fall of the Habsburgs. Arts flourished despite the decline of the empire in the 17th century.
The Spanish Empire abroad became the source of Spanish wealth and power in Europe. But as precious metal shipments rapidly expanded late in the century it contributed to the general inflation that was affecting the whole of Europe. Instead of fueling the Spanish economy, American silver made the country increasingly dependent on foreign sources ...
The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 16th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly ...
The War of the Spanish Succession was a European great power conflict fought between 1701 and 1714. The immediate cause was the death of the childless Charles II of Spain in November 1700, which led to a struggle for control of the Spanish Empire between supporters of the French Bourbons and the Habsburgs.