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 Rastatt Treaty of Rastatt The Treaty of Rastatt was a peace treaty between France and Austria, concluded on 7 March 1714 in the Baden city of Rastatt, to put an end to state of war between them from the War of the Spanish Succession. The treaty followed the earlier Treaty of Utrecht of 11 April 1713, which ended hostilities between France and Spain, on the one hand, and Britain and the Dutch Republic, on the other hand. A third treaty at Baden, Switzerland was required to end the hostilities between France and the Holy Roman Empire. By 1713, all parties to