[Sidenote: Results to France]
Had it not been for the disastrous battle of Saints, France might have
dictated very favorable terms in the treaty of Versailles, [Footnote:
In 1786 a supplementary Anglo-French treaty restored regular commerce
between the two nations, and recognized that Great Britain had no right
to seize traders flying a neutral flag, except for contraband of war,
_i.e._, guns, powder, and provisions of war.] but, as it was, she
merely regained Tobago in the West Indies and Senegal in Africa, which
she had lost in 1763. [Footnote: See above, p. 317.] The equipment of
navies and armies had exhausted the finances of the French government,
and was largely responsible for the bankruptcy which was soon to
occasion the fall of absolutism in France. Moreover, French "radicals,"
having seen the Americans revolt against a king, were, themselves, the
more ready to enter upon a revolution.
[Sidenote: Results to Spain]
Better than France fared Spain. By the treaty of Versailles she
received the island of Minorca and the territory of Florida, which then
included the southern portions of what later became the American states
of Alabama and Mississippi.
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