The expulsion from Spain was a part of a gradual deterioration of the situation of the Jews in Spain. Although Iberian Jewry suffered a physical upheaval and terrible prices, the author marks the Jewish cultural renascence in the Sephardic Diaspora that immediately followed those events. Kabbalistic literature evolved rapidly. In addition, a strong form of messianism surged during the first generations following. The author presents some reasons and causes to these developments and shows similarities and differences between processes that went over the surviving Jewry after the Holocaust. While nowadays we experience a process of de-textualization of Israeli Jewry, Sephardic Jewry serves as an example for a positive and creative relationship to the past that didn't lose its organic link to tradition.