This document summarizes the major political, economic, social, religious, and cultural developments in Europe between 1492 and 1789. It describes the transition from the late Middle Ages to the Modern period, characterized by geographical discoveries, the fall of Constantinople, the rise of absolute monarchies, the growth of capitalism, and the Protestant Reformation and Counter-Reformation. It then provides more specific details on the politics, economy, society, and arts of this period, focusing particularly on the decline of the Hapsburg dynasty in Spain during the 16th and 17th centuries.