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Their failure allowed Vergennes, a French statesman, to persuade the Spanish government to agree to peace.
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the treaty was supposed to end hostilities.
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it left many border regions in dispute or undefined. In certain provisions it stayed unenforced. Over time the issues would get resolved, "...though not always without controversy, by a series of U.S. agreements with Spain and Britain, including the Jay’s Treaty, the Treaty of San Lorenzo, the Convention of 1818, and the Webster-Ashburton Treaty of 1842." (U.S. Department of State).
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The U.S winning this battle made British negotiators reconsider U.S independency.
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Shelburne wanted to keep the peace but also avoided recognizing the U.S independence.
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Vergennes didn't like how the agreement was obtained but he accepted it as part of broader peace negotiations and agreed to give the U.S the loan Benjamin Franklin had requested.
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He was hoping to get a generous peace settlement with the United States and bring peace to the Netherlands, Fran, and Spain. John Jay, the first chief of justice in the U.S, didn't like the British refusing to acknowledge the U.S as independent during the peace negotiations so all negotiations were paused.
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The U.S benefited the most from the treaty's signatories, receiving large recognition for it's independence from European powers. Britain had lost its American c Britain lost its American colonies, British global power continued to increase, driven by the economic growth of the early industrial revolution. For France, victory came at an enormous financial cost, and attempts to resolve the financial crisis would ultimately trigger the French Revolution.
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The U.S finally got Newfoundland fishing rights, a border that extended to Mississippi along with rights to navigate, British acknowledgement, and a peaceful withdrawal of the British forces. In return, the U.S had to honor private debts and ensure an end to the seizure of Loyalist property.
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Their agreement was informal until Britain and France came to a conclusion about a peace agreement.
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