However, with the ailing and childless Charles II of Spain approaching his end, a new conflict over the inheritance of the Spanish Empire would soon embroil Louis XIV and the Grand Alliance in a final war – the War of the Spanish Succession. Spain had a number of major assets, apart from its homeland itself. It controlled important territory in Europe and the New World. Spain's American colonies produced enormous quantities of silver, which were brought to Spain every few years in convoys. Spain had many weaknesses as well. Its domestic economy, possessing little business, industry, or advanced craftsmanship, was poor. It had to import practically all its weapons. Spain had a large army but it was poorly trained and poorly equipped. It had a surprisingly small navy, for seamanship was a low priority among the Spanish elites. Local and regional governments, and the local nobility, controlled most of the decision-making. The central government was quite weak, with a mediocre bureaucracy, and few able leaders. King Charles II reigned 1665 to 1700, but he was in very poor physical and mental health. As King Charles II had no children, the question of who would succeed to the Spanish throne unleashed a major war. The Vienna-based Habsburg family, of which Charles II was a member, proposed its own candidate for the throne. However the Bourbons, the ruling family of France, instinctively opposed expansions of Habsburg power within Europe and also had a candidate: Philip, the grandson of powerful King Louis XIV. This was a confrontation between two different styles of Ancien Regime, the french style and the spanish style (or Habsburg's style). Spain's silver, and its inability to protect its assets, made it a highly visible target for ambitious Europeans. For generations, Englishmen had contemplated capturing the Spanish treasure fleet, a feat that had only been accomplished once, in 1628, by the Dutch. English mariners nevertheless seriously pursued the opportunities for plunder and trade in Spain's colonies. As he neared his death, Charles II bequeathed his throne to the Bourbon candidate, the future Philip V of Spain. His grandfather, Louis XIV, eagerly endorsed the choice and made unilateral, aggressive moves to safeguard the viability of his family's new possessions, such as moving the French army into the Spanish Netherlands, and securing exclusive trading rights for the French in Spanish America. However, a coalition of enemies, opposed to this rapid expansion of French power, quickly formed, and a major European war broke out 1701-1714.