With the accession of Charles to the Spanish throne, Spain suddenly acquired large swathes of land in central and northern Europe (Austria, the Netherlands, Burgundy and chunks of Germany). In spite of a hefty inheritance received from his Spanish ancestors, Charles I of Hapsburgs exceeded his expenditures due to goals set by him as Holy Roman Emperor (HRE): commitment to Christendom, war with the Turks, fights with the French neighbours. To begin with one of Charles I goals was the commitment…
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