<P> Great Britain was one of the major participants in the Seven Years ' War which lasted between 1754 and 1763 . Britain emerged from the war as the world 's leading colonial power , having gained a number of new territories at the Treaty of Paris in 1763 and established itself as the world 's pre-eminent naval power . </P>
what was the economic situation of britain resulting from the french and indian war
the world 's leading colonial power