The Spanish Empire, sometimes referred to as the Hispanic Monarchy or the Catholic Monarchy, was a colonial empire that existed between 1492 and 1976. In conjunction with the Portuguese Empire, it ushered in the European Age of Discovery. It achieved a global scale, controlling vast portions of the Americas, Africa, various islands in Asia and Oceania, as well as territory in other parts of Europe. It was one of the most powerful empires of the early modern period, becoming known as "the empire on which the sun never sets". At its greatest extent in the late 1700s and early 1800s, the Spanish Empire covered over 13 million square kilometres, making it one of the largest empires in history.

The Age of Discovery also known as the Age of Exploration, part of the early modern period and largely overlapping with the Age of Sail, was a period from approximately the 15th century to the 17th century, during which seafarers from a number of European countries explored, colonized, and conquered regions across the globe. The Age of Discovery was a transformative period in world history when previously isolated parts of the world became connected to form the world system and laid the groundwork for globalization. The extensive overseas exploration, particularly the European colonization of the Americas, with the Spanish and Portuguese, and later the British, at the forefront, spurred global trade. The interconnected global economy of the 21st century has its roots in the expansion of trade networks during this era.