What were the terms of the peace conference of 1898?

The peace conference of 1898, held in Paris, concluded the Spanish-American War and resulted in the Treaty of Paris. Spain ceded Puerto Rico, Guam, and the Philippines to the United States for $20 million, marking a significant shift in U.S. territorial expansion. The treaty also recognized Cuba's independence from Spain. These terms established the U.S. as an emerging global power and marked the end of Spanish colonial rule in the Americas.