Peace was arranged by the Treaty of Paris signed Dec. 10, 1898 (ratified by the U.S. Senate, Feb. 6, 1899). The Spanish Empire was practically dissolved. Cuba was freed, but under U.S. tutelage by terms of the Platt Amendment (see under Platt, Orville), with Spain assuming the Cuban debt. Puerto Rico and Guam were ceded to the United States as indemnity, and the Philippines were surrendered to the United States for a payment of $20 million. The United States emerged from the war with new international power. In both Latin America and East Asia it had established an imperial foothold. The war tied the United States more closely to the course of events in those areas.
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