Spain was an important and powerful nation which was involved in overseas trade, but it began to decline especially during the 17th century. But what were the factors that contributed to the decline of Spain?
Spain’s economy during this time was heavily influenced by monopolies and state favoritism, which did not help. Also a revolt began during the midpoint of the century which was known as the Catalonian Revolt, which also contributed quite heavily to the decline of Spain.
To conclude, the main factors that contributed to the decline of Spain included: the economic situation being influenced by monopolies and state favoritism, and the occurrence of the Catalonian Revolt.