User blog:IndigoOnIceCream/A More Powerful (by economics) Spain

Spain may had access to large reserves of gold and silver in the Americas and became rich. Yet they suffered economic and money problems due to pirates, the dependency of the Spanish economy of goods and raw materials from its enemies, and wars.

But what if that money was used to develop and expand the economy of Spain to become a industrial power? Would it avoid a majoirty of its economic problems?