Military Assistance: Military assistance is when one country provides support, such as troops, weapons, or supplies, to another country during a conflict.
Political Implications: Political implications refer to the effects that an action or decision might have on the political landscape, including relationships between countries and domestic policies.
Economic Impact: Economic impact relates to how an event or action influences the financial well-being of individuals, businesses, or nations. In this context, it would involve how a formal alliance with Britain could affect the Confederacy's economy during the Civil War.