In part, the reorientation of the European concepts of trade and diplomacy was bound to be affected, whether the Habsburg domination were an element in the situation or not. The exploitation of the newly-revealed resources was bound to produce a new range of values, new balances of wealth and power, even without the Habsburg dominance. The age of the so-called' Industrial Revolution of the sixteenth century', played its part in inspiring and in financing the technical improvements, the enlargements of the unit of production and the marketing expansions of the age. From Spain the movement flowed outwards and reached its climax in Western Europe towards the end of the century, but never affected prices so disastrously as those of Spain. The Dutch had reaped the advantages of the trade of the New World without finding it necessary to participate actively in the voyaging and trading either to the east or to the west.