What accounted for the drop of Spain's importance as a commercial power in the seventeenth century?
A)Focus on the South American empire
B)Overextension as they tried to control the Asian market.
C)A drop in the output of the silver mines and poverty of the Spanish monarchy
D)Overthrow of the Bourbon dynasty during the Seven Year's War
E)Piracy of Spanish galleons by British Man o' War ships.

Question

Quizplus · Accepted Answer

The drop in the output of the silver mines and poverty of the Spanish monarchy heavily impacted Spain's economy and ability to maintain its power as a commercial force. This decline in wealth and resources hindered Spain's ability to compete with other European powers in the global market.

What Accounted for the Drop of Spain's Importance as a Commercial