Russo-Japanese War
United States President Theodore Roosevelt helped Russia and Japan make peace after the war. He won a Nobel Prize for this. Russia had to give up all influence in the Far East. The Russian people were very angry at the government and at czar Nicholas II for not continuing the war because everyone was sure that Russia could have won. This is true because Japan was completely broke and she would have suffered an economic crisis after just a few more months of fighting.  Russia's army was also much stronger than Japan's and had very large reserves to replace the soldiers she lost.  Japan had no more men with military training to replace her losses and no money to give new men training.