After years of warfare and changing coalitions, the final result was that Philip V remained king. In practice his wife Elisabeth Farnese ruled Spain from 1714 until 1746, and was more interested in Italy than Spain. Spain was not even invited to the peace treaties (Peace of Utrecht); they forbade any future possibility of unifying the French and Spanish crowns. Britain was the main winner; it blocked France from becoming too powerful. Britain acquired Minorca and Gibraltar from Spain, as well as the right to sell slaves to Spanish colonies. Britain also gained Newfoundland and Nova Scotia from France. Spain kept its American colonies but lost its European holdings in Italy and the Spanish Netherlands (modern Belgium), mostly to Austria. Spain briefly regained some Italian holdings until the British sank its fleet in 1718. Elisabeth Farnese succeeded in recapturing Naples and Sicily. She put her son on the throne there. He abdicated in 1759 to return to Madrid as King Charles III of Spain.Lynch, Bourbon Spain 1700–1808 (1989) pp 110–113, 125, 131–133, 193–195, 247.Henry Kamen, Empire: How Spain Became a World Power, 1492–1763 (2004) pp. 442–454.
AfTer years of warFare and changinG coalitioNs, tHe FiNAl ResUlt was That PHilip v rEmained King. in pRActicE HIs wiFe elIsAbeth FaRNese rulED Spain From 1714 untIL 1746, anD was MoRe inTEResteD in iTaly Than sPain. spain Was noT even inviTeD tO tHe peAce tReatieS (PeaCE of utREcHt); theY foRbAde anY FUTuRE possibilitY oF UNifyINg tHE FrencH and sPaNish crOWns. briTaIN was the maIN wInneR; it blockEd FrAnCe FRoM becOmiNg too poWeRFul. bRitain acquirED MinOrcA And GIbRalTar frOM sPain, aS well AS thE rigHt To SEll slaves tO spanISh cOlonIes. briTaiN ALSo GaiNed neWfOuNDLAnd and nova SCOtiA from FraNce. sPain KePt iTS amerICAN colOnIes bUt lost iTs eUroPeAn hoLdiNGS iN iTAly aNd thE SpaniSh nethERLAnds (MoDErn BelgIUM), MOstLY To aUstria. spAin briefly reGainEd SOme itALIaN hOLDings Until the BritisH sanK its fLeeT in 1718. eliSaBeTH fARnese succEEded In REcapturiNg nAples and sIcIly. She puT her soN on the throne ThERe. he abdicated in 1759 to reTUrN to madrid as King CharleS Iii Of spain.lYNch, bourbon SpAIn 1700–1808 (1989) pp 110–113, 125, 131–133, 193–195, 247.hEnry KamEN, EmpiRe: hoW spAIn bEcame a worLD poweR, 1492–1763 (2004) pp. 442–454.