Its value can be judged by the immediate results of the victory. Between November 1st and December 8th it is almost true to say that British trade with the west coast of South America was at a standstill. On the east coast things were very little better. For if shippers were still willing to send their ships to sea, it was only on the receipt of greatly enhanced freights. Immediately after the victory Valparaiso shipping put to sea as if no war was in existence, and all Pacific and South Atlantic freight fell immediately to normal. Even the escape of _Dresden_ did not qualify the universal sense of relief. The repercussion in South Africa was equally prompt. The rebellion in the Anglo-Dutch colonies had been put down. But to embark on the conquest of German South-West Africa was a different thing altogether, and certainly one that could not be attempted so long as there was the least suspicion of insecurity in General Botha’s sea communications. And while Von Spee was at large this insecurity was obvious. One of the direct results then of the despatch of Admiral Sturdee to the South Atlantic was to make the first military invasion of German territory both possible and ultimately successful. Apart from its immediate results in the way of relieving British trade in South America and removing the last obstacle to active British military policy in South Africa, the Falkland Islands engagement was of enormous value not only in re-asserting the prestige of the British Navy, but in giving fresh heart to all the Allies after the exhausting struggles to defeat the German advances on the French capital and Calais. It was especially the first definite proof the Alliance had received that British sea-power was no vague and shadowy thing, but a real force which, rightly and relentlessly employed, must ensure the ultimate victory of Allied arms. These were its good sides.