section_path: Abstract
section_name: Abstract
paragraph_text: The Spanish Empire, sometimes referred to as the Hispanic Monarchy or the Catholic Monarchy, was a colonial empire that existed between 1492 and 1976. In conjunction with the Portuguese Empire, it ushered in the European Age of Discovery. It achieved a global scale, controlling vast portions of the Americas, Africa, various islands in Asia and Oceania, as well as territory in other parts of Europe. It was one of the most powerful empires of the early modern period, becoming known as " the empire on which the sun never sets ". At its greatest extent in the late 1700s and early 1800s, the Spanish Empire covered over 13 million square kilometres (5 million square miles), making it one of the largest empires in history.
  
  Beginning with the 1492 arrival of Christopher Columbus and continuing for over three centuries, the Spanish Empire would expand across the Caribbean Islands, half of South America, most of Central America and much of North America. The Magellan-Elcano circumnavigation —the first circumnavigation of the Earth—laid the foundation for Spain's Pacific empire and for Spanish control over the East Indies. In the beginning, Portugal was the only serious threat to Spanish hegemony in the New World. To end the threat of Portuguese expansion, Spain conquered Portugal and the Azores Islands from 1580 to 1582 during the War of the Portuguese Succession, resulting in the establishment of the Iberian Union, a forced union between the two crowns that lasted until 1640 when Portugal regained its independence from Spain.
  
  The structure of governance of its overseas empire was significantly reformed in the late 18th century by the Bourbon monarchs. Although the Crown of Castile attempted to keep its empire a closed economic system under Habsburg rule, Castile was unable to supply the Indies with sufficient consumer goods to meet demand. This allowed foreign merchants from Genoa, France, England, Germany, and the Netherlands to take advantage of the trade, with silver from the mines of Peru and New Spain flowing to other parts of Europe. The merchant guild of Seville (later Cádiz) served as middlemen in the trade. The crown's trade monopoly was broken early in the 17th century, with the crown colluding with the merchant guild for fiscal reasons in circumventing the supposedly closed system. Spain was largely able to defend its territories in the Americas, with the Dutch, English, and French taking only small Caribbean islands and outposts, using them to engage in contraband trade with the Spanish populace in the Indies.
  
  Spain experienced its greatest territorial losses during the early 19th century, when its colonies in the Americas began fighting their wars of independence. By 1900, Spain had also lost its colonies in the Caribbean and Pacific, and it was left with only its African possessions. In Latin America, among the legacies of its relationship with Iberia, Spanish is the dominant language, Catholicism the main religion, and political traditions of representative government can be traced to the Spanish Constitution of 1812.