Question

Why did Spain do so poorly after starting the Commercial Revolution first?

Answer 1

Poor performance of Spain after the Commercial Revolution:

There were several reasons sue to which Spain has become poor soon after starting the Commercial Revolution,

• After starting the Commercial Revolution, Spain has got severe economic problems.

• The war has affected almost all the economic structure of the country.

• All the foreign exchange market has ended.

• The war has badly affected the industrial and agricultural sectors of Spain which has resulted in inflation.

• The raw materials have been completely reduced during the war which has made Spain a poor country at that time.