It was a vastly richer larger and more powerful than it had been one hundred years before
The answer is 3) Other nations saw that Spain could be beaten and they challenged Spanish land claims.
Until this defeat, Spain and particularly its armada were seen as practically invincible, so other nations generally obeyed Spain and didn't stand up against it. However, once it was beaten (and their powerful armada practically destroyed), their place of power was reduced).
It started January 15, 1967
Before 1937 USA wanted to practice Isolation