On April 11, 1713, in the city of Utrecht, the Dutch made peace with France. The War of the Spanish Succession lasted twelve years, and now the European peoples breathed a sigh of relief. The joy of the fact that the battle pipes fell silent and "the rage finally subsides" sounds, for example, in verses written in those days in Dutch called "A Song of the Long-Awaited Peace between France and the United Netherlands." Among historians, it is customary to think that after 1713 the Republic of the United Netherlands - as the modern Kingdom of the Netherlands was then called - as a great power came to naught. According to Olaf van Nimwegen, the decline of the political power of the Dutch came a little later, only after 1748, when the war for the Austrian inheritance ended. But in any case, in the Baltic, which was the basis of the economic prosperity of the Netherlands, this decline is noticeable after the Utrecht Peace.