Debt Of Spain After The Loss Of The Spanish Armada

| Millones of Debt| The economic downturn of Spain| | Aaron Huff| 12/12/2011| Mr.Brauns 2nd | Charles V was born at Ghent in 1500, throughout his life as King and Holy papistical emperor moth he ruled many reposes and remaining Spain to his male child during the prosperous Age. During the 16th and 17th centuries Spain went from universe the to the highest degree financially stable nation in Europe to beingness essentially bankrupt. Phillip II was King Charles Vs discussion and he had many troubles as fag. He lost millions remodel the Spanish Armada and when he died his male child Phillip III had no mountain renewing Spains economy. In about 100 days Spain went from being a area powerhouse to a dispirited country accepting money from second-rate lenders. So how did the close and rebuilding of the Spanish Armada effect Spains economy and was Phillip II at fault? During the 14th Century Spain became a world powerhouse. Charles V was given a large amount of land from his obtain as inheritance, and as soon as Charles became king he began conquering even more land. Charles conquered Italy, and the territories in immature Spain were enormously extended due to the destruction of the Aztec and Incan empires by Spanish conquistadors. When Charles V paternal grandfather died he in like manner genetic the Hasburg Monarchy.

(Kleinschmidt 44) After the Battle of Pavia in 1525 Charles V controlled Italy, Spain, and he share Germany with the Holy Roman Catholic Church.(Kleinschmidt 97) Charles left his son with the biggest Spanish Empire ever before, but along with that he lef t his son with a massive debt and an enormou! s military. Phillip II had a lot of land. He inherited Spain from his father, and he in like manner had new(prenominal) land that he owned and added to his property. Phillip used his wealth as a prince to buy land in many areas, and at a time he became king of Spain he annex in any continent known to man. Along with this Phillip II became the king of Portugal in 1578 when he defeated King Antonio, forward of Crato....If you want to provoke a full essay, order it on our website: OrderCustomPaper.com

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