Which accurately describes a result of the conflict between England and Spain during the 1500s? Neither country was able to defeat the other, and they reached an agreement to divide the world for colonization. O Both countries fell into serious debt in order to finance their wars and were forced to stop supporting voyages of exploration Spain emerged as the most powerful military and naval power in the world for the next hundred years. O England was able to begin building a huge empire and Spain's power declined​