Background:
Spain's powerful world empire of the 16th and 17th centuries
ultimately yielded command of the seas to England. Subsequent
failure to embrace the mercantile and industrial revolutions caused
the country to fall behind Britain, France, and Germany in economic
and political power. Spain remained neutral in World Wars I and II,
but suffered through a devastating civil war (1936-39). In the
second half of the 20th century, Spain has played a catch-up role in
the western international community; it joined the EU in 1986.
Continuing concerns are Basque Fatherland and Liberty (ETA)
terrorism and further reductions in unemployment.