The world reacted to the historic election of Barack Obama as the 44th president of the United States Tuesday night. The democratic senator from Illinois has been elected the first black president of the United States, kicking off celebrations across the country. Rival John McCain graciously accepted defeat, and called on his supporters to show support for Obama. See the celebrations around the world below.

Barack Obama’s acceptance speech

John McCain’s concession speech

Albany Law School alum named to Obama’s transition team.

For Final election results visit:  http://www.cnn.com/ELECTION/2008/results/president/