In 1490 there was no such country as Spain, yet within a century it had become the most powerful nation in Europe and within another had sunk to the status of a third-rate power. Describe and analyze the major social, economic, and political reasons for Spain’s rise and fall. “In 1490 there was no such country as Spain, yet within a century it had become the most powerful nation in Europe and within another had sunk …showed first 75 words of 1016 total…

…showed last 75 words of 1016 total…decreased the value of money. By the seventeenth century, Spain’s economy was bankrupt due to the sharp inflation that occurred as a result of an accumulation of factors. Spain was of the most successful European countries during the sixteenth century. Nevertheless, the irresponsible decisions of King Philip II and the aristocracy had detrimental social, economic, and political effects on the excellence of Spain, causing it to sink to the status of a third-rate power.