Section 1: Spain's Empire and European Absolutism

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1. What effect did the gold and silver coming in from Spain's vast empire aside making them vastly wealthy? *

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2. What was the cause of Spain suffering from severe inflation? *

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3. What was the cause of the Spanish economy declining and at times making Spain bankrupt? *

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4. What was the effect of King Philip raising taxes in the Netherlands and crushing Protestantism? *

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5. How did the Dutch become wealthy from trade and banking? *

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6. What was the cause of European monarchs becoming more powerful? *

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