3, 9-10; J.H. Elliott, Empires of the Atlantic World, ch. 5 1. Did Spanish authorities successfully construct a mercantilist system to govern the imperial economy in the 16th and 17th centuries?2. How effective was the administration and government of the Spanish Empire under the Hapsburg monarchy?3. What factors contributed to Spain’s decline in the 17th century? How did that decline impact Spain’s colonies4. What did the Bourbon monarchs (especially Charles III) hope to accomplish through their programs of reform in the 18th century and how successful were they?