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  Philip’s father, Charles V, the Holy Roman Emperor, wrote to Philip warning him not to trust any of his advisers too much. Philip took this advice to heart at a young age.
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  Maria of Portugal, wife of Philip II of Spain, dies in childbirth, when the King's son Don Carlos was born.
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  Philip II married Queen Mary I. This was his second marriage.
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  Philip II of Spain, went bankrupt for the first time.
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  The Escorial, an enormous palace built on a grid plan for Philip II, was begun in Madrid.
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  Philip II went bankrupt for the second time
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  Philip II moved his court to Madrid, which was but a village until this time, and proclaimed Madrid as capital of Spain.
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  League of High Nobles' second protest against King Philip II.
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  Philip II of Spain went bankrupt for the third time.
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  Philip II of Spain went bankrupt for the fourth time.