The Treaty of Paris of 1783 ended the Revolutionary War. The most important part of the treaty was Great Britain’s recognition that the colonies were now independent of British rule. We now were our own country, and we would be governing ourselves. The treaty established our boundaries. The boundaries went from Spanish Florida, north to Canada, and west to the Mississippi River. The British also granted us fishing rights in the waters off of Nova Scotia and Newfoundland. These areas were very fertile fishing grounds. Allowing us to fish in these areas was very helpful to the New England fishermen. We agreed to repay our debts as part of the treaty. Britain agreed to return slaves to their owners. Finally, we agreed to return property that was seized from the loyalists during the Revolutionary War. This peace treaty finalized the results of the Revolutionary War.