The document summarizes the rise and decline of Spain as a power during the 1500s-1600s. Key events include:
1) King Charles I/Emperor Charles V faced challenges ruling a vast empire and struggled to maintain religious control in Europe.
2) Spain experienced a golden age in the arts and literature during the 1500s under King Philip II.
3) However, Philip II's strict Catholicism led to a revolt in the Netherlands and war with England, culminating in the defeat of the Spanish Armada in 1588, beginning Spain's decline as a major power.