My latest at RealClearHistory is up. An excerpt:

The Americans did not like this proposal one bit, and they went around the French and their Spanish allies and negotiated a separate treaty with the British, who were all too happy to give up some land in exchange for sticking a thumb in France’s eye. The French foreign minister at the time of the treaty negotiations, Charles Gravier, Count of Vergennes, bitterly complained that “the English buy peace rather than make it.” London also anticipated a rapprochement between itself and its now-former colonies, and a favorable treaty with the rebels would buy the British some much-needed diplomatic capital down the road. The American diplomats who negotiated such a generous truce were led by Benjamin Franklin, John Jay, and John Adams.

Please, read the rest.