Peter the Great

In its initial stages, George I's plan was brilliantly successful. One by one, through skillful diplomacy, Peter's allies were stripped away, bribed or pressured into making a separate peace with Sweden. Fittingly, Hanover was the first in this parade. On November 20, 1719, George I, as Elector of Hanover, signed a formal treaty of peace with Sweden. By the treaty, Hanover obtained permanent cession of Bremen and Verden on payment of one million thalers. Two months later, as King of England, the same George I signed an alliance with Sweden by which England was to pay a subsidy of 300,000 thalers per year for as long as the war with Russia lasted, to assist Sweden with a British fleet in the battle, and to help Sweden reach a favorable peace with Russia.