If the South were to fight well enough to get British and French recognition in 1862 and eventually get peace with the USA, establishing itself as an independent nation and resuming its cotton economy, what effect would that have on Europe? The USA would be rightly pissed at the British and French, but too weakened to really do much about it. The Franco-Prussian war is coming soon and I don't see the butterflies from America affecting that outcome. Going forward what would it mean for Europe to have a split America and would it prevent WW1? What are the prospects for a renewed American war and how would the Europeans react to a round 2?