U.S. agreed to compensate its citizens for damages
inflicted by France on American shipping (damages totaled $20
million; U.S. paid $3.9 million to heirs of original claimants
in 1915).
The Franco-American Alliance was terminated.
U.S. and France granted each other most-favored-nation
status.
U.S. and France reestablished commercial relations
on terms similar to those outlined in Franco-American Alliance.
Dr. Harold D. Tallant, Department of History, Georgetown College
400 East College Street, Georgetown, KY 40324, (502) 863-8075
E-mail: htallant@georgetowncollege.edu