Huzzah. Hopefully you can continue to kick ass and take names. Who knows, maybe you might even be able to annex the USA. After that, the only thing standing between you and ownership of the entirety of North America will be the weak Confederate States and Canada.
Yes, it is one option, or I can try first to create a Colonial Empire in Africa or South East Asia, first I need to lower my BB points, becasue if not, I will have the UK declaring me War all the time, and no matter that I have beat them twice, they are a pain in the neck.