The Russo-Japanese War—fought over territorial claims in East Asia—was a costly endeavor both monetarily and in terms of lives lost, and both sides soon realized the need for peace. With US President Theodore Roosevelt acting as a mediator, Russian and Japanese representatives met at a US naval base near Portsmouth, New Hampshire. The resulting treaty marked the temporary decline of Russian power in East Asia and the emergence of Japan as a regional power. What territory did both agree to cede? Discuss (http://forum.thefreedictionary.com/postst29194_Treaty-of-Portsmouth-Ends-Russo-Japanese-War--1905-.aspx)
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