What was a significant challenge Philip IV faced?
Plague outbreaks
Economic crises
Lack of heirs
Religious conflicts
Answer
Economic crises were a significant challenge for Philip IV. Spain's economy was heavily reliant on silver imports from the Americas, and when the supply of silver declined in the 17th century, the Spanish economy suffered. This led to inflation, bankruptcy, and a decline in the standard of living. Philip IV attempted to address the economic crisis by raising taxes and borrowing money, but these measures only exacerbated the problem.
Royal Riddles: Unveiling the Mysteries of Philip IV of Spain
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