Peace
Displeased with his kingdom's military performance, Philip dismissed Alberoni in December 1719, and made peace with the allies at the Treaty of The Hague on 17 February 1720.
In the treaty, Philip was forced to relinquish all territory captured in the war. However, their eldest son's right to the Duchy of Parma and Piacenza after the death of Isabella's childless half-cousin, Antonio Farnese, was recognized.
France returned Pensacola and the remaining conquests in the north of Spain in exchange for commercial benefits. Included in the terms of this treaty, the Duke of Savoy was forced to exchange his throne in Sicily for that of the less important Kingdom of Sardinia. Ironically, it was the less important Kingdom of Sardinia that would later unify Italy in the nineteenth century.
Read more about this topic: War Of The Quadruple Alliance
Famous quotes containing the word peace:
“In time of war you know much more what children feel than in time of peace, not that children feel more but you have to know more about what they feel. In time of peace what children feel concerns the lives of children as children but in time of war there is a mingling there is not children’s lives and grown up lives there is just lives and so quite naturally you have to know what children feel.”
—Gertrude Stein (1874–1946)
“War is pillage versus resistance and if illusions of magnitude could be transmuted into ideals of magnanimity, peace might be realized.”
—Marianne Moore (1887–1972)
“Think not that I am come to send peace on earth: I came not to send peace, but a sword.”
—Bible: New Testament Jesus, in Matthew, 10:34.