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IOTL the 18th century saw the visible decline of the Spanish Empire (though one could argue it started the moment Philip II drew his last breath), even though it saw some successes as well, culminating in a brief renaissance under Charles III. It was all downhill for Spain from that point on however, with Charles IV and Ferdinand VII having the political acumen of a fish but with far less of the inbreeding Charles the Bewitched had.

So what sort of PODs would help Spain not get run roughshod from 1750 or so?
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