The Spanish Empire was one of the largest empires in world history and one of the first of global extent. It reached the peak of its military, political and economic power under the Spanish Habsburgs through most of the 16th and 17th centuries, and its greatest territorial extent under the Bourbons in the 18th century when it was the largest empire in the world. The Spanish Empire became the foremost global power of its time, and was the first to be called the empire on which the sun never sets. The empire, administered from Madrid by the Spanish Crown, comprised territories and colonies in Europe, the Americas, Africa, Asia and Oceania. It originated during the Age of Exploration after the voyages of Christopher Columbus and lasted until the late 19th century. Spain's territorial reach beyond Europe included the Greater Antilles, half of South America, most of Central America and much of North America (including present day Mexico, Florida, the Southwestern, the Midwestern United States, and Pacific Coastal regions of the United States), as well as a number of Pacific Ocean archipelagos including the Philippines.