How did Spain go to the single richest country on earth to the indebted shithole it is today?

they squandered much of the wealth of the new world in wars they lost, and failed to use the wealth to develop any aspect of their economy at home

How did USA go to the single richest country on earth to the indebted shithole it is today?

-Spain was never the richest country in the world, except perhaps for a few decades in the late 1500s before the huge ammount ogf American gold caused hyperinflation.

-right now they are first world country with a lot of problems, but the second most visited country in the world after France, and a great place to live. One million British expats live in Spain. It is their Florida.

-Spain was in a constant state of war from the 1520s to the Spanish Succession war in 1700, winning most of the time until 1640, and losing most of the time afterwards, they spent a lot of that money in financing their wars (againt the French, Ottomans, Dutch, English etc), and they even had bankrupcies during that time which was their golden age.

-in the 1600s Spain was decadent. 10% of the population was made of virgins who didnt work (priests, monks, nuns), they also had a lot of poor nobles who refused to work because they thought working was beneath them (they only accepted going to war as an acceptable occupation), they would lose men who would emmigrate to the Americas, and they expulsed 350 thousand moors (who were christians, fake or not), who were artisans and farm workers.
they didnt recover until the mid 1700s (they were on the winning side in the American revolutionary war, they recovered Minorca and Florida), and then, Napoleon fucked them and they didnt recover until the dictatorship of Franco, who gave Spain decades of stability after a century of small civil wars between monarchists and republicans.

They spent most on hot women, booze and fast horses, the rest they just squandered.

Americans and the brits cucked them indirectly and directly

Churchill's insight to the Cuban war I felt was a good summary, massive lines of infantry shipped from Spain to Cuba to march around Jungle for days. Only to fight a few irrelevant battles and march back again, all at the cost of Spanish gold that Spain could never sustain

All formerly great countries are trash in this day and age. Just face it my man.

They abadonned Catholicism and became Socialists.

France killed their dominance over Europe at Rocroi and then Napoleon finished the dying country with his invasion two centuries later

symptoms of the same disease

see

What would have happened with Spain if they hadn't colonized the Americas? I guess they would be a backwater today

>the second most visited country in the world after France

That America
Fuck yeah 'merica!!

found gold
spent gold

rather like memesa musa

He only did that to the Mediterranean.

Spain was the richest country in the mediterranean. And so was its retarded offspring Portugal. If they werent so rich why did the nordics and anglo protest that catholic church? And why didnt suleiman get control of the strait? Why are english worlds smartest academics called Cantabs? We live in relative peace compared to those days. If you consider that rich sure, stability is richness.

Priests monks and nuns work. Who do you think make some of the best furniture, cheeses, drinks in the world? Who were the oldest curators and makers of jewlery. Restorers of damaged painting and docs.

youtube.com/watch?v=ebtC3ORg9fU

All of their silver from the mines in Bolivia produced a fuckton of inflation, coupled with china's silver-hungry economy devouring their silver, so yeah, they were not only as inflated as a Zimbabwean balloon, but they were also completely penniless.

Legend is according to the historian and their school of thought that spain lost superpower status in the 1700s. Apparently the inner strife was due to peninsular spaniards not getting enough of the good jobs. The best jobs falling to central european powerhouse, the hapsburgs and their sympathizers. And military power fell on the hands of the creoles, spaniards born in the americas. By the late 1700s, iberian america was a whole lot richer than the peninsula.

This is a reason why the french and spanish fought over new orleans, lousiana. You see when the spanish picked up their taxes, the ships first port was colombia, from there theyd pick up all the gold from argentina, chile, bolivia, peru, ecuador etc. then theyd sail to mexico pick up all the gold from that region after that the last port was cuba. Then theyd sail to spain.

This is the reason why the brits were after Argentina, New Orleans, and Cuba. So they could pirate and establish their economic plan.

>around the EU average.
that's because the EU was retarded enough to add down syndrome-tier countries like greece and a lot of eastern europe

they're (along with poortugal) not really on par with the rest of western europe

Youre as retarded as the military historian who told me that florida belonged to a spanish country until the latter half of the 1900s. And that it was annexed via pure historical, media manipulation and technological devices. Which to him explains something strange when examining the florida peninsula. Until that point he said it was a peaceful backyard resort to americans. Bullshit.

> 10% of the population was made of virgins who didnt work
TIL Veeky Forums is the spanish empire

They spent a lot of the wealth amassed from the new world on european wars which were very expensive and didn't bring much return. They also didn't invest much in either the colonies or the fatherland and so the short-term riches didn't last.

And my setting up a commonwealth strategy.

The latin american rumor is that the armada aka the navy of the iberian countries was docked in the americas. And what sank in england wasnt the armada.

By.

By the way could that weapon that affects radars over the bermuda triangle damage peoples minds?

Spain is probably better than whatever place you come from

And it only took them 15 years to go from wealthiest country with massive superavit to most indebted country in the world with a decadent and violent society bailed out by chinese loan moneys and mexican hard work.

Just 15 years.

Catholics didn't embrace usury as protestant countries did.

Usury produced nothing only robbed producers, there is nothing wring with spain, the income recieved from.colonies were minimal, spains income primariallt came from the peninsula, Spain today os richer than the usa and england, there is little wrong with it.