The Decline of Spain Essay Example | Topics and Well Written Essays - 500 words

The Decline of Spain - Essay ExampleThis has been revealed that a major cause behind this decline was, during 1588 to 1598, Philips unknown ventures and his overseas policies that affected Spains economy in a very bad manner.2 Bankruptcy led Philips overseas ventures to an end, along with the Armada, that caused a major impact on Spains morale.Trade industry was developed surrounded by Europe and America in era of 1500 and 1600 century. Supplies made from America were the major reason of problems for Spain. As per experts of the field, the heap within Spain was not suitably regulate. They built poor relations between otherwise nations callable to a poor leadership all these made grounds for loss of wealth for Spain. Moreover, the leadership within Spain also lacked essential economic qualities. On the other hand, France was continuously supplied by the resources from the US due to its positive and well- regulated trade policies. France economy was greatly improved due to its fi nance minister, Colbert, who pursued mercantilist policies and followed the trade policies implemented by the king. Colbert was the main person behind considerably improved economy of France he encouraged farming, mining and other necessary industries, and also established highly money- making businesses.More can be learnt through get on reading and research on this topic. The economic decline of Spain became worse due to reduced farming and craft after starting trade with American colonies. 3 Spain could not maintain good relations with England due to which Queen Elizabeth permitted her army to invade Spanish treasure Ships. Then bad leadership also resulted in more loss of wealth as a result of costly wars which resulted in high lump that became worse due to American gold and silver. France established its trade with overseas colonies.On the other hand, Spain could not take full advantage out of its colonies present in America. Main reasons