John Methuen (diplomat) the Treaty on 16 May 1703, a step of great significance in the War of the Spanish Succession. John, on his return from England, concluded a commercial treaty on 27 December 1703, opening Portugal to the English cloth trade in return for preferential rates of duty on the import of wine. How beneficial to either country the Treaty was in the long run has been debated; possibly its most important result was the development of the port wine trade, and it was later referred to humorously as "the Port-Wine Treaty". Methuen in later life increasingly suffered from gout and rheumatism;
Jay Treaty new "First Party System", with the Federalists favoring the British and the Jeffersonian republicans favoring France. The treaty was for ten years' duration. Efforts failed to agree on a replacement treaty in 1806 when Jefferson rejected the Monroe–Pinkney Treaty, as tensions escalated toward the War of 1812. The outbreak of war between France and Great Britain (and other countries) in 1793 ended the long peace that had enabled the new nation to flourish in terms of trade and finance. The United States now emerged as an important neutral country with a large shipping trade. From the British perspective, improving relations