When the long and unfortunate reign of Philip the Catholic came to an end on the eve of the seventeenth century, Spain, sadly buffeted by the rough waves of an adverse fortune, was in a most pitiful condition. With the downfall of the great Armada which was so confidently destined to humble the pride of England, national confidence had begun to slip away, the wars at home and in the Netherlands had sadly depleted the treasury, the credit of the country was far from good, and gradually, as a natural reaction after the religious exaltation which had marked the whole of the sixteenth century, a spirit of irreligion and licentiousness became prevalent in all classes of society. As Philip had grown older and more ascetic in his tastes, he had gradually withdrawn from society and had left his court to its own devices. With his death, in 1598, the last restraint was gone, and there was no limit to the excesses of the insensate nation. Having failed in their great and zealous effort to fasten Spanish Catholicism upon the whole of Europe, they had finally accepted a milder philosophy, and had decided to enjoy the present rather than continue to labor for a somewhat doubtful reward in the life which was to come. The young king, Philip III., who began to reign under these circumstances, was wedded in 1599 to the Archduchess Margaret of Austria, and the feasts and celebrations which were organized in honor of this event outrivalled in their magnificence anything of the kind that had taken place in Spain for many years, and there was a free and libertine spirit about all of this merrymaking which did not augur well for the future. The Duke of Lerma, the king's favorite and prime minister, was in full charge of the affair, and he spared no pains in his desire to make a brave show, in spite of the critical financial condition of the country. The young Austrian princess, upon her arrival at Madrid, was fairly dazzled by the reception she was given; and well she may have been, for the money expended for this purpose reaches proportions which almost surpass belief. The Cortes appropriated one million ducats for the occasion, and the nobles spent three million more, three hundred thousand of this sum having been contributed by Lerma from his own private revenues.