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Spain's only notable possession outside the borders of Europe was the Canary Islands. Then, in 1942 Christopher Columbus made his famous voyage for the benefit of Spain.
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The beginning of the 15th century was said to have been the start of Spain's "Golden Age" that would last about 2 centuries. This was a prosperous era considering advancememnts in art, religion and sciences.
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Elizabeth sent troops to the low country to help the dutch protestants in their battles for independance in Spain
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king phillip was planning to put together a great fleet of ships, known as the Armada, to destroy the English fleet and give Spain supremacy of the seas.
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the Armada was almost complete and its ships were assembled at Cadiz.
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daringly attacked Cadiz harbour and destroyed several ships and a warehouse
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the Armada left Lisbon harbour and headed for the English Channel
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However, Spain had gained control over large segments of the Caribbean, the Americas and parts of Africa.
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Technically, it ends no later than 1659. The last great writer of the period, Pedro Calderon de la Barca, died in 1681, and his death usually is considered the end of El Siglo de Oro in the arts and literature.
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The seventeenth century was a period of political, military, economic, and social decline. Neither Philip III or Philip IV was strong enough to give the kind of clear direction that Philip II had provided. This led to the fall of everything good that had proceeded them.