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==Aftermath==
==Aftermath==
[[File:Portsmouth.jpg|right|thumb|400px|The signing of the Treaty of Portsmouth as depicted in a wall mural at the American Museum of Natural History]]
The war ended in Japanese victory, but also in extensive costs for the Japanese in lives, equipment, and supplies, as well as financially; the Russians managed to reject suggestions they pay any indemnity, leaving the Japanese government with considerable expenses. The [[Treaty of Portsmouth]] which ended the war was brokered by US President Theodore Roosevelt (for which he was awarded the Nobel Peace Prize) and was signed in Portsmouth, New Hampshire. In the Treaty, Russia agreed to cede southern [[Sakhalin Island]] and all of its direct interests in Manchuria (i.e. namely railways and leaseholds on the Liaodong Peninsula), and to formally recognize Japan's control of Korea. Japanese demands for the cession of all of Sakhalin, and for monetary reparations were rejected.
The war ended in Japanese victory, but also in extensive costs for the Japanese in lives, equipment, and supplies, as well as financially; the Russians managed to reject suggestions they pay any indemnity, leaving the Japanese government with considerable expenses. The [[Treaty of Portsmouth]] which ended the war was brokered by US President Theodore Roosevelt (for which he was awarded the Nobel Peace Prize) and was signed in Portsmouth, New Hampshire. In the Treaty, Russia agreed to cede southern [[Sakhalin Island]] and all of its direct interests in Manchuria (i.e. namely railways and leaseholds on the Liaodong Peninsula), and to formally recognize Japan's control of Korea. Japanese demands for the cession of all of Sakhalin, and for monetary reparations were rejected.