1. Brian Fontaine The Decline of the Iberian World History 140 Ning Posting #1 Peoples & Empires History 140 Summer 2011
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3. Causes I Financially Overextended 1584 – End Ambitious plans to conquer China via. Philippines & Thailand Most resources went to support/ protect overseas Possessions Focus on GOLD & SILVER Spanish bullion from the Americas was near-sighted goal for most of ruled period Lacked commerce & trade development abroad Failed attempt in 1770 to modernize economics based on “fair-trade” Focused on Short-Term Gains Phillip II, III, IV No consideration for long-term sustainability ECONOMICS (primary factor) Lack of understanding “inflation” Supply & Demand issues caused devaluation Adam Smith – “ All Spain’s problems attributed to over production of bullion”
![Chronology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Spanish/ Portuguese decline was slow!](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)