10th grade history

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Tomorrow in class, I have to write a "letter" to philip II of spain telling him a course of action he should take to make the economy (back in the 16th century) better. So far I think I am going to say some stuff about religious toleration and wars caused by not having any religious toleration. Also about how if he hadn't had wars, he wouldn't need the gold, silver, gems from the new world to pay for the debts, as well as he should develop some agriculture so they can be producers not just consumers. any ideas on what else i could say?
THANKS

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