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Let's say that James II's 1689 comeback attempt goes well enough that he's actually able to hold onto Ireland, although he doesn't do well enough to successfully invade mainland Britain. Eventually the conflict is resolved with a treaty confirming Stuart rule in Ireland, in return for William being recognised as King of England and Scotland. (If you think this would be too sensible a move on James' part, let's just assume he dies early and his son's regency council does the actual negotiations.) How would such a change affect the development of world history compared to IOTL?
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