Context: At the concluding Treaty of Utrecht, Philip renounced his and his descendants' right to the French throne and Spain lost its empire in Europe. The British Empire was territorially enlarged: from France, Britain gained Newfoundland and Acadia, and from Spain, Gibraltar and Minorca. Gibraltar became a critical naval base and allowed Britain to control the Atlantic entry and exit point to the Mediterranean. Spain also ceded the rights to the lucrative asiento (permission to sell slaves in Spanish America) to Britain.

Question: King Philip renounced his right to the throne after what treaty?
Answer: Treaty of Utrecht

Question: Which country did Britain acquire Newfoundland and Acadia from?
Answer: France

Question: Which country did Britain acquire Gibraltar and Minorca from?
Answer: Spain

Question: Which colony allowed Britain to control the Atlantic entry and exit point to the Mediterranean?
Answer: permission to sell slaves in Spanish America

Question: What was the Spanish term for permission to sell slaves in Spanish America?
Answer: asiento