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| 1714 |
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| Philip married Elizabeth Farnese of Parma after the death of his first wife, Maria Louisa of Savoy. With the aid of her adviser, Abbé (later Cardinal) Giulio Alberoni, she devoted herself to the problem of supplanting the Austrian power in Italy and providing the Italian thrones for her children. Philip, on the other hand, appeared to have hoped for many years to succeed to the French throne and did his utmost to undermine the position of the French regent, the duke of Orléans. | 1 |
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| 1717 |
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| Philip secretly sent an expeditionary force that seized Sardinia and Sicily (Nov.). | 2 |
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| 1718, Aug. 2 |
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| Conclusion of the Quadruple Alliance (Britain, France, Holland, and Austria) to counteract the attempts of Philip to overturn the peace settlements (See 1718, Aug. 2). | 3 |
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| 1720, Feb. 17 |
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| The Treaty of the Hague, by which Philip abandoned his Italian claims in return for an Austrian promise of the succession to Parma, Piacenza, and Tuscany for Charles, the eldest son of Philip and Elizabeth Farnese. | 4 |
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| 1721, June |
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| Spain joined the alliance of Britain and France. Louis, son of Philip by his first wife, married Louise Elizabeth of Orléans (1722), while Louis XV of France was betrothed to a daughter of Philip and Elizabeth, who was then only five years old. | 5 |
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| 1724 |
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| Abdication of Philip. He was succeeded by his son, Louis I, who, however, died in the same year. Philip then resumed the crown. | 6 |
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| 1725 |
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| The duke of Bourbon, chief minister of Louis XV of France, canceled the engagement of the king to Elizabeth. Philip then allied himself with Austria (work of the adventurer Baron de Ripperdá) by the Treaty of Vienna (April 30, 1725). | 7 |
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| 1727–29 |
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| War with Britain and France. By the Treaty of Seville (1729), Britain and France agreed to the Spanish successions in the Italian duchies. | 8 |
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| 1727 |
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| Abolition of juros, sinecures issued by the government in recognition of advances on capital. These had been under scrutiny because of their high costs. | 9 |
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| 1733 |
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| First pacte de famille between France and Spain. Spain thereupon joined France in the War of the Polish Succession against Austria (1733–35). | 10 |
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| 1735 |
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| Academy of History founded. | 11 |
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| 1739–48 |
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| Anglo-Spanish War (See 1739–48). | 12 |
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