How did Philip II actually HURT the Spanish economy by utilizing his absolute power and control?

Sten Kin asked Dec 12, 2023

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Sten Kin asked Dec 12, 2023

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Answer:Philip never raised enough cash to cover his expenditure and as a result had to declare state 'bankruptcies' in 1557, 1560, 1576 and 1596.

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Peter DeGregorio answered Dec 18, 2023

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