Philip II is remembered both for his failures and successes in his reign.
Explanation:
As a ruler, he as strict and tough and also a paranoid. His kingdom was also ineffective because the ministers were not in a position to distinguish between the important aspects and trivialities. This made the king to be ineffective while taking decisions. He used to rely on heavy paper work which made his administration function slow.
There weer factionalism and it resulted in internal fights. Philip's rule failed to suppress the superiority of Netherlands and it also sacrificed and surrendered the invincible Spanish Armada to the British which is the biggest blow on Spanish monarchy. Some his successes were that he defeated the Ottomans and also played a crucial role inn preventing Protestantism to spread in Italy and Spain. Catholic churches were established and flourished during his reign.
One of the most significant factors that led to the rise of the free enterprise system was the industrial revolution, which made capitalism much easier and led governments to have a more "hands off" approach.
