At about the same time the fleet captured the Acapulco galleon having three million dollars on board, and an English squadron in the Atlantic took a treasure-ship from Lima with four million dollars in silver for the Spanish government.
"Never had the colonial empire of Spain received such blows.
Spain, whose opportune intervention might have modified the fate of the war, entered it too late to help France, but in time to share her misfortunes.

There was reason to fear yet more.

Panama and San Domingo were threatened, and the Anglo-Americans were preparing for the invasion of Florida and Louisiana....

The conquest of Havana had in great measure interrupted the communications between the wealthy American colonies of Spain and Europe.

The reduction of the Philippine Islands now excluded her from Asia.