Why did Spain do so poorly after starting the Commercial Revolution first?

Poor performance of Spain after the Commercial Revolution:

There were several reasons sue to which Spain has become poor soon after starting the Commercial Revolution,

After starting the Commercial Revolution, Spain has got severe economic problems. The war has affected almost all the economic structure of the country. All the foreign exchange market has ended. The war has badly affected the industrial and agricultural sectors of Spain which has resulted in inflation. The raw materials have been completely reduced during the war which has made Spain a poor country at that time.