The results of the war, therefore, were confined to Manchuria, and Japan promised that her occupation of that province should be temporary and that commercial opportunity therein should be the same for all.

The culmination of American prestige came with President Roosevelt's offer of the good offices of the United States, on June 8, 1905.

As a result, peace negotiations were concluded in the Treaty of Portsmouth (New Hampshire) in 1905.

For this conspicuous service to the cause of peace President Roosevelt was awarded the Nobel prize.
Secretary Hay had therefore, in the seven years following the real arrival of the United States in the Far East, evolved a policy which was clear and definite, and one which appealed to the American people.
While it constituted a variation from the precise methods laid down by President Monroe in 1823, in that it involved concerted and equal cooperation with the great powers of the world, Hay's policy rested upon the same fundamental bases: a belief in the fundamental right of nations to determine their own government, and the reduction to a minimum of intervention by foreign powers.

To have refused to recognize intervention at all would have been, under the circumstances, to abandon China to her fate.