The earliest civilization in the Aegean region emerged on the large island of Crete, southeast of the Greek mainland. (Ch. 4/Pg. 75: The Essential World History-Volume I: To 1800: Third Edition-William J. Duiker & Jackson J. Spielvogel).
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Most of us are familiar with the Magna Carta as the first document to limit the authority of kings and declare the rule of law and the rights of the governed. But Peter Linebaugh, an historian at the University of Toledo, offers a more provocative view in an essay, “ The Secret History of the Magna Carta” ( Boston Review , Summer 2003). As originally declared in 1215, the Magna Carta may have validated “freedom under law,” as lawyers like to crow. But several mutations in the Magna Carta, later incorporated into the document we know today, recognize the rights of commoners.
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Explanation:
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It benefited in numerous ways but mainly it and maybe most importantly it gave them the access to the China trade. The Pacific route was also Spain's exclusively for a certain period of time and there was also a great need for silver in China which was supplied by the Spaniards from their silver mines.