history of Spanish conquest, settlement, and exploration. Except for
the feeble Portuguese settlements in Brazil and at the mouth of the La
Plata, from Florida and the Gulf of Mexico, around the eastern and
western coasts of South America, and northward to the Gulf of
California, all was Spanish--main-land and islands alike. The subject
of this volume is the bold assertion of England to a rivalry in
European waters and on American coasts.

How came England, with four millions of people, to enter into a
quarter of a century of war with the greatest power in Europe? The
answer is that Spain was already decaying, while England was instinct
with the spirit of progress and development. The contrast grew
principally out of the different attitude of the two nations towards
the wealth introduced into Europe from America, and towards the
hitherto established religion of the Christian world. While the
treasure from Mexico and Peru enabled Charles V. and Philip II. to
carry on great wars and to establish an immense prestige at the
different courts of Europe, it created a speculative spirit which drew
their subjects away from sober employment. For this reason
manufacturing and agriculture, for which Spain was once so
distinguished, were neglected; and the kingdom, thinned of people and
decreasing in industry, grew dependent for supplies upon the
neighboring countries.[1]

On the other hand, the treasures which destroyed the manufactures of
Spain indirectly stimulated those of England. Without manufactures,
Spain had to employ her funds in buying from other countries her
clothing, furniture, and all that was necessary for the comfort of her
citizens at home or in her colonies in America. In 1560 not above a
twentieth part of the commodities exported to America consisted of