In surprising ways, the peace benefited the war’s losers more than the British victors. Generating scant revenue, Louisiana, New France, and Florida had drained the French and Spanish of funds and soldiers, all better spent and employed on more valuable colonies in the Caribbean. While losing little of real (immediate) value, the French and the Spanish recovered their most valuable losses: Guadeloupe, Martinique, Cuba, and access to the Newfoundland fisheries.
