On July 22, 1866, Prussia and Austria had agreed to an armistice, on Prussian terms. The two main belligerents then negotiated the Peace of Prague which was signed in that city on this day. The treaty was surprisingly lenient to the heavily defeated Austria but it was now clear that the leadership of the German-speaking peoples of Europe was now firmly in the hands of Prussia. (By John Osborne)
Source Citation
"German-Italian War," The American Cyclopedia and Register of Important Events of the Year 1866 (New York: D. Appleton and Company, 1873), 372.