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(From Wikipedia, the free Encyclopedia)
Under the terms of the treaty, Spain sold Florida to the United States for $5 million. The US agreed to assume financial claims by residents against the Spanish government. Spain also gave up its claims to Oregon north of the 42nd parallel (i.e., the northern border of California). For its part, Spain kept Texas, California and New Mexico, which at the time was an enormous region encompassing present-day Nevada, Utah, Arizona and parts of Colorado and Wyoming.
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Source: the above text is adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Adams-Onis Treaty."
Copyright © Philip M. Parker, INSEAD. Terms of Use.