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

question 111

Multiple Choice

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.

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Definitions:

Equity Finance

The method of raising capital through the sale of shares in a company, providing investors ownership interests.

Payroll Check

A check issued by an employer to an employee as payment for wages or salary.

Negotiation

A discussion aimed at reaching an agreement, where parties involved resolve differences, produce a solution or find a middle ground.

Nation Bank

Likely a typographical error, but if referring to "National Bank," then it's a commercial bank chartered by the federal government in the United States.