Seville was founded as the Roman city of Hispalis. It later became known as Ishbiliya (Arabic: إشبيلية) after the Muslim conquest in 712. During the Muslim rule in Spain, Seville came under the jurisdiction of the Caliphate of Córdoba before becoming the independent Taifa of Seville; later it was ruled by the Muslim Almoravids and the Almohads until finally being incorporated into the Christian Kingdom of Castile under Ferdinand III in 1248. After the discovery of the Americas, Seville became one of the economic centres of the Spanish Empire as its port monopolised the trans-oceanic trade and the Casa de Contratación (House of Trade) wielded its power, opening a Golden Age of arts and literature. In 1519, Ferdinand Magellan departed from Seville for the first circumnavigation of the Earth. Coinciding with the Baroque period of European history, the 17th century in Seville represented the most brilliant flowering of the city’s culture; then began a gradual economic and demographic decline as silting in the Guadalquivir forced the trade monopoly to relocate to the nearby port of Cádiz.