Editing War of the Spanish Succession (section)

===Great Britain===
Britain is usually seen as the main beneficiary of Utrecht, which marked its rise to becoming the dominant European commercial power.{{sfn|Pincus|2012|pp=7–8}} It established naval superiority over its competitors, acquired the strategic Mediterranean ports of Gibraltar and Menorca and trading rights in Spanish America. France accepted the Protestant succession, ensuring a smooth inheritance by George I in August 1714, while agreeing to end support for the Stuarts in the [[Anglo-French Alliance (1716–1731)|1716 Anglo-French Treaty]].{{sfn|Szechi|1994|pp=93–95}} Although the war left all participants with unprecedented levels of government debt, only Britain was able to finance it efficiently, providing a relative advantage over its competitors.{{sfn|Carlos|Neal|Wandschneider|2006|p=2}}