"At its peak in the late sixteenth century," this history begins, "Spain controlled the first empire upon which the sun never set and exercised a tremendous influence in European affairs. By 1600, thoughtful Spaniards knew that something had gone terribly wrong, and by 1650 the rest of Europe knew it too."

By focusing on one Castilian city, Ciudad Real, Carla Rahn Phillips seeks to shed light on the mysterious downfall of Spanish power. Looking first at the general history of the city and region, she goes on to examine population, agriculture, industry, taxation, and elite patterns of investment. She shows how Ciudad Real's economy grew from about 1500 to 1580, faltered and stagnated through most of the seventeenth century, and reestablished a subsistence economy around 1750. Self-contained though Ciudad Real was, its history illuminates economic and social change during Spain's Golden Age.