Methuen Treaty a popular replacement. Cypher and Dietz, in the book ″The Process of Economic Development″, say that: "Portugal specialized in a commodity that did not have the same growth potential as did cloth for England. Portugal's economy suffered consequently, as the productive structure and institutions were moulded in the direction of wine production. In fact, after trade was rapidly expanded following the Methuen Treaty in 1703, Portugal was left with a sizeable deficit as its exports to England fell short of its imports from England. The boom in Portuguese-English trade fortuitously coincided with a gold rush in Brazil, Portugal's colony, enabling
Treaty of Szatmár Treaty of Szatmár The Treaty of Szatmár (or the Peace of Szatmár) was a peace treaty concluded at Szatmár (present-day Satu Mare, Romania) on 29 April 1711 between the House of Habsburg emperor Charles VI, the Hungarian estates and the Kuruc rebels. It formally ended Rákóczi's War of Independence, which had endured since 1703. In the Great Turkish War, the forces of the Habsburg Monarchy conquered large parts of Ottoman Hungary. However, the new rulers soon met with resistance by the Hungarian magnates led by Francis II Rákóczi, culminating in the rebellion led by Rákóczi, which from 1703 onwards spread