Why did Spain give up Gibraltar?

Why did Spain give up Gibraltar? The Iberian Peninsula encompasses the territories of Portugal, Spain, and Andorra, as well as part of France and Great Britain…the latter, often being forgotten. But, while the homeland of the former British Empire floats a bit further north than the peninsula, what some don’t always remember is that just below the borders of Spain sits a tiny, yet crucial, piece of land known as Gibraltar. And Gibraltar belongs to the British. Looking at a map of Europe, however, begs the question: why does Britain own Gibraltar? Why isn’t it part of Spain instead?... ♦Consider supporting the Channel : https://www.patreon.com/Knowledgia ♦Please consider to SUBSCRIBE: https://goo.gl/YJNqek ♦Music by Epidemic Sound ♦Script & Research : Skylar J. Gordon #History #Documentary