The aftermath of the Eighty Years' War (c.1568–1648) had far-reaching military, political, socio-economic, religious, and cultural effects on the Low Countries, the Spanish Empire, the Holy Roman Empire, as well as other regions of Europe and European colonies overseas. By the Peace of Münster (15 May 1648), the Habsburg Netherlands were split in two, with the northern Protestant-dominated Netherlands becoming the Dutch Republic, independent of the Spanish and Holy Roman Empires, while the southern Catholic-dominated Spanish Netherlands remained under Spanish Habsburg sovereignty. Whereas the Spanish Empire and the Southern Netherlands along with it were financially and demographically ruined, declining politically and economically, the Dutch Republic became a global commercial power and a