AP Success - AP European History: Dutch Independence

The Dutch Declaration of Independence, also known as the Act of Abjuration, was written in 1581 as a formal statement by the Dutch provinces of their decision to renounce allegiance to King Philip II of Spain and their intent to secure their ancient liberties and privileges.
So, having no hope of reconciliation, and finding no other remedy, we have, agreeable to the law of nature in our own defense, and for maintaining the rights, privileges, and liberties of our countrymen, wives, and children, and latest posterity from being enslaved by the Spaniards, been constrained to renounce allegiance to the King of Spain, and pursue such methods as appear to us most likely to secure our ancient liberties and privileges. Know all men by these presents that being reduced to the last extremity, as above mentioned, we have unanimously and deliberately declared, and do by these presents declare, that the King of Spain has forfeited, ipso jure, all hereditary right to the sovereignty of those countries, and are determined from henceforward not to acknowledge his sovereignty or jurisdiction, nor any act of his relating to the domains of the Low Countries, nor make use of his name as prince, nor suffer others to do it. In consequence whereof we also declare all officers, judges, lords, gentlemen, vassals, and all other the inhabitants of this country of what condition or quality soever, to be henceforth discharged from all oaths and obligations whatsoever made to the King of Spain as sovereign of those countries.
The Dutch Declaration of Independence, 1581

Question 1

Short answer
Describe one perspective about Spain expressed in the excerpt.

Question 2

Short answer
Identify one historical development or event that influenced the writing of the excerpt.

Question 3

Short answer
Explain one effect of independence on the economy of the Netherlands.

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