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YouTubeCinematic History Tales
The Empire That Went Bankrupt 9 Times (While Owning The World)
King Philip II of Spain was the richest man in history. He owned the silver mines of Potosí and the gold of the Aztecs. He ruled the first empire on which the sun never set. So how did he manage to default on his loans 9 times? This is the story of the "Resource Curse," the Spanish Armada's financial disaster, and how the richest empire on ...
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