Answer the following short answer questions in short paragraphs comprised of complete sentences.Format: Create a Word Document, with your name, course number, and date.The answers should be in your own words, double spaced and in times new roman font 12.If you use outside sources to complete your answers, then site the source to avoid plagiarism through the use of in-text citations and in a separate Works Cited page. Otherwise cite my lectures as these will definitely show up in Turnitin’s similarity report.Copying from the textbook or cutting and pasting sections from websites or other reference materials or presenting someone else’s ideas as your own is plagiarism and will not be tolerated and will result in zero (0) points for that assignment.Submit the finished Questions by submitting them via the Turnitin link below.Why did Spanish Monarchs want to establish an Empire?What was the purpose of the Inquisition?How did the Spanish Monarchs establish a mercantilist system in their American colonies? What role did the following factors play in allowing for Spaniards to accumulate wealth in the Americas? ( 4 points)Mines, 2. Taxation, 3. Trade Limitations, 4. Population/Labor (mit’as)What was the impact of the first and second phase of Spanish decline for Spain’s colonies in the Americas?