This chapter demonstrates that the period between the Russo-Japanese War and the outbreak of the First World War displayed in equal measure a trend toward conflict and a trend toward cooperation. The governments of both the Russian Empire and the United States manifested a desire for more harmonious relations. Even in 1911, at the height of a conflict over Russia’s refusal to accept the passports of American Jews, the two states collaborated on the protection of fur seals and the tsarist government gave a most friendly welcome to a squadron of American battleships. This trend was also bolstered by mutual interest in expanding the export of American goods, capital, and technologies to the Russian Empire, as well as by cultural exchanges. Nonetheless, in the Far East, US “dollar diplomacy” clashed with a Russian “sphere of influence.” Within the United States, two large-scale public campaigns – against extraditing Russian revolutionaries who had fled to the United States and in favor of abrogating the 1832 commercial treaty in order to protest Russia’s anti-Semitic policies – testified that many Americans valued ideals more highly than trade and pragmatic cooperation.