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By 1748 all sides in the war of Austrian Succession were becoming war weary and could not see a more advantageous outcome to the conflict. The two main powers direction the war by that point were France and England and they both were in favour of a peace settlement. The representatives of the various combative countries came together in Aachen, in the Holy Roman |Empire and signed the treaty on October 18, 1748.

Austrian gave up Silesia to Prussia and some minor territories to Spain. France, after a brilliant campaign in the Netherlands, gave up its conquests there. Austrian also ceded the Duchy of Parma and Guastalla to Spain.

The main impact upon North America was that the French regained control of Louisbourg in Cape Breton in exchange for Madras in India. The New England colonies had organized an expedition which resulted in the capture of Louisbourg in order to remove it as a constant threat to the British colonies so the return of it to France in exchange for the Madras, came as a major shock to most in Massachusetts. The colonies felt betrayed and realized that the peace was just a temporary interlude until the wars would start again and Louisbourg would have to be captured  once more.




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Reference: www.canadahistory.com/sections/eras/eras.html