It was the wealthiest nation in Europe, but the uncontrolled influx of goods and minerals from Spain "s colonies in the Americas resulted in rampant inflation and economic depression."

西班牙是欧洲的最富有的国家，但从其殖民地美洲源源不断流入西班牙的货物和资源导致了剧烈的通货膨胀和经济倒退。

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In fact, the two biggest economic disasters of the 20th century--the Great Depression in the 1930s and the Great Inflation of the 1970s--were both the result of catastrophic government mistakes, not a sudden failure of free-market capitalism.

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