The Decline of Spanish Imperial Power in the 17th Century
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The Spanish Monarchy could not maintain its dominance over England, France, and the Netherlands. The royal treasury (Hacienda) was deeply in debt, and resources from the Americas were not effectively utilized. A few privileged social groups dominated society, living off land rents and failing to stimulate a productive economy.
Internal Weaknesses and Economic Decline
Monarchs' Disinterest and Delegation
Monarchs showed little interest in governance, prioritizing personal income and prestige. They dedicated their time to hunting, palace receptions, and other leisure activities. They delegated their functions to their validos (royal favorites), who acted as heads of government.
Corruption and Inefficient Administration
Many validos exploited their