What did the Treaty of Ghent officially accomplish?

The Treaty of Ghent officially ended the War of 1812 between the United States and Great Britain. Signed on December 24, 1814, in Ghent, Belgium, the treaty effectively restored the pre-war boundaries and status quo between the two nations, which means that no territorial gains or losses were realized by either side as a direct result of the treaty. This was significant as the war had been fueled by various conflicts, including impressment of American sailors and restrictions on American trade, and its conclusion helped to pave the way for improved relations between the two countries in the years to come. The treaty did not bring about new shipping rights or create shared territories; rather, it resolved the conflict without any significant changes to land or maritime borders.