France in the 1740s had by far the larger economy, double that of Britain; it also had three times the population and the largest army in Europe. Britain, however, had a much larger navy and was the dominant power on the seas; moreover, since the Glorious Revolution of 1688, it had more advanced financial institutions built with Dutch expertise, and capable of raising large amounts of war finance very quickly. Both sides therefore had reason to believe that they could win a war against the other.
