Spain Was Relegated to Second Class Status in the 1600s

question 2

Multiple Choice

Spain was relegated to second class status in the 1600s in part because it

• A) was the site of much fighting during the Thirty Years' War.
• B) failed to grow its economy.
• C) held to a rigid Catholicism.
• D) hoarded the silver extracted from its South American mines.
• E) failed to make an attempt to defend the Mediterranean from a Turkish advance.

---

Definitions:

Reversal Effect

A phenomenon in finance where the performance of stocks or markets reverses direction after a period of significant movement.

Market Trading Data

Information and statistics related to the trading activity in financial markets, including volume, price, and movements of securities.

EMH

Efficient Market Hypothesis, a theory that suggests that financial markets are fully efficient in reflecting information in asset prices.

Charting

The practice of using graphs and charts to analyze historical data and patterns to forecast the future movement of securities.