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==Aftermath== {{Further|Congress of Breda}} [[File:BloodyMarshMonument.jpg|thumb|upright|A monument in [[Georgia (U.S. state)|Georgia]] commemorating the [[Battle of Bloody Marsh]]]] The eventual diplomatic resolution formed part of the wider settlement of the [[War of the Austrian Succession]] by the [[Treaty of Aix-la-Chapelle (1748)|Treaty of Aix-la-Chapelle]] which restored the {{lang|la|status quo ante}}.{{sfn|Bemis|1965|p=8}} British territorial and economic ambitions on the Caribbean had been repelled,<ref>"Spain's fortifications, fleet and merchant marine were able to repel Great Britain's offensive. England's design to detach the Americas from the Spanish monarchy failed, for the Treaty of Aix-la-Chapelle, which ended the war in 1748, left the Spanish empire intact while cancelling British trading privileges in Spanish territory". Chavez, Thomas E.: ''Spain and the Independence of the United States: An Intrinsic Gift''. Albuquerque: University of New Mexico Press, 2004, p. 4. {{ISBN|9780826327949}}</ref><ref>"Naval and continental campaigns had not shattered the Spanish empire nor modified their pretensions to protect their colonies from interlopers. The war had opened with massive expectations of quick victory based on naval power. It ended with failures and disappointments". Harding, Richard: ''The Emergence of Britain's Global Naval Supremacy: The War of 1739–1748''. Woodbridge: Boydell & Brewer, 2010, p. 6. {{ISBN|9781843835806}}</ref><ref>"The Franco/Spanish alliance still owned most of the Caribbean in terms of geographical area and produced more sugar, the golden crop, than the Anglo/Dutch alliance. The Protestant powers had failed to seize hegemony in the Caribbean from the Catholic powers by the end of the first half of the eighteenth century". Mirza, Rocky M.: ''The Rise and Fall of the American Empire: A Re-Interpretation of History, Economics and Philosophy: 1492–2006''. Oxford: Trafford Publishing, 2007, p. 139. {{ISBN|9781425113834}}</ref> while Spain, although unprepared at the start of the war, proved successful in defending its American possessions.<ref>"The Spanish archives reveal that Spain was not prepared for war but willing to take measures to defend her colonies in America. Her men fought well, and for the most part successfully, when the chips were down. That they were aided, in part, by English errors and indecision, should not detract from their victories". {{harvnb|Ogelsby|1970}}</ref> Moreover, the war put an end to the British smuggling, and the Spanish fleet was able to dispatch three treasure convoys to Europe during the war and off-balance the British squadron at Jamaica.{{sfn|Ogelsby|1970|pp=156–157}} The issue of the {{lang|es|asiento}} was not mentioned in the treaty, as its importance had lessened for both nations. The issue was finally settled by the 1750 [[Treaty of Madrid (5 October 1750)|Treaty of Madrid]] in which Britain agreed to renounce its claim to the {{lang|es|asiento}} in exchange for a payment of £100,000. The South Sea Company ceased its activity, although the treaty also allowed favourable conditions for British trade with [[Spanish America]].{{sfn|Simms|2009|p=381}} George Anson's expedition to the Southeast Pacific led the Spanish authorities in [[Lima]] and [[Santiago]] to advance the position of the Spanish Empire in the area. Forts were thus built in the [[Juan Fernández Islands]] and the [[Chonos Archipelago]] in 1749 and 1750.<ref name=Urbina2014>{{cite journal |last=Urbina Carrasco|author-link=Ximena Urbina |first=María Ximena |date=2014 |title=El frustrado fuerte de Tenquehuen en el archipiélago de los Chonos, 1750: Dimensión chilota de un conflicto hispano-británico |url=http://www.scielo.cl/scielo.php?pid=S0717-71942014000100006&script=sci_arttext |journal=[[Historia (history of the Americas journal)|Historia]] |volume=47 |issue=I |access-date=28 January 2016}}</ref> Relations between Britain and Spain improved temporarily, in subsequent years, due to a concerted effort by the [[Thomas Pelham-Holles, 1st Duke of Newcastle|Duke of Newcastle]] to cultivate Spain as an ally. A succession of [[Anglophile]] ministers were appointed in Spain, including [[José de Carvajal]] and [[Ricardo Wall]], all of whom were on good terms with British Ambassador [[Benjamin Keene]], in an effort to avoid a repeat of hostilities. As a result, during the early part of the [[Seven Years' War]] between Britain and France, Spain remained neutral. However, it later joined the French side and lost [[Siege of Havana|Havana]] and [[British occupation of Manila|Manila]] to the British in 1762; although both were returned as part of the peace settlement, in exchange the Spanish ceded [[Spanish Florida|Florida]] to the British. The War of Jenkins' Ear is commemorated annually on the last Saturday in May at [[Wormsloe]] Plantation in [[Savannah, Georgia|Savannah]], [[Georgia (U.S. state)|Georgia]].
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