Spain relinquishes sovereignty over Cuba; cedes Puerto Rico, Guam and the Philippine Islands to the United States. $20 million paid to Spain by the United States for infrastructure owned by Spain.
The higher naval losses may be attributed to the disastrous naval defeats inflicted on the Spanish at Manila Bay and Santiago de Cuba.
The Spanish–American War was a war fought between Spain and the United States in 1898, partly because many people in Cuba, one of the last parts of the Spanish Empire, wanted to become independent. Many Americans also wanted their country to get a colonial empire.