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According to many the beginning of Spain's decline in power can be dated to the economic hardship that arose during the first years of his rule.
He shared his father's opinion and point of view but did not preserve the industry he developed. Philip II predicted that his son would not be able to lead his kingdoms on his own, and that there would be puppets for various ministers and courtiers. He was right, too; immediately after his death, Philip IIII entrusted all political affairs to the Duke of Lerma and his son.
Explanation:
- The carefree king's private life, who cared neither for politics nor for his country, consisted of balls and court festivals, to which huge amounts of money were thrown.
- His reign represented a critical period in Spanish history.
Class: History
Level: Middle school
Keywords: Philip III, economic hardship
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