The Treaty of Utrecht in 1713 was significant as it marked the end of the War of the Spanish Succession and redrew the political map of Europe. The treaty established a balance of power principle, preventing any one nation (specifically France and Spain) from becoming overly dominant. As a result, Spain ceded territories to Britain and the Dutch Republic, including Gibraltar and parts of Italy. The treaty also recognized Philip V as the King of Spain, provided he renounced any claim to the French throne, which laid foundational principles for international diplomacy in European politics.