The money she spent on her own and the allied armies was lost to her navy, and the sources of her prosperity on the sea were being exhausted.

How far the Prince of Orange was justified, by the aims of Louis XIV., in that unyielding attitude of opposition toward him which he always maintained, may be uncertain, and there is here no need to decide the question; but there can be no doubt that the strife sacrificed the sea power of Holland through sheer exhaustion, and with it destroyed her position among the nations of the world.

"Situated between France and England," says a historian of Holland, "by one or other of them were the United Provinces, after they had achieved their independence of Spain, constantly engaged in wars, which exhausted their finances, annihilated their navy, and caused the rapid decline of their trade, manufactures, and commerce; and thus a peace-loving nation found herself crushed by the weight of unprovoked and long-continued hostilities.

Often, too, the friendship of England was scarcely less harmful to Holland than her enmity.

As one increased and the other lessened, it became the alliance of the giant and the dwarf."[62] Hitherto we have seen Holland the open enemy or hearty rival of England; henceforward she appears as an ally,--in both cases a sufferer from her smaller size, weaker numbers, and less favored situation.
The exhaustion of the United Provinces and the clamor of their merchants and peace party on the one hand, aided on the other by the sufferings of France, the embarrassment of her finances, and the threatened addition of England's navy to her already numerous enemies, inclined to peace the two principal parties to this long war.