By Laura Hertzfeld
November 07, 2012 at 07:36 AM EST

Soon after the major networks declared that President Obama was re-elected to a second term, former Massachusetts Gov. Mitt Romney spoke to his supporters in Boston and gave a short but well-received and gracious concession speech. President Obama followed with a powerful victory speech in front of crowds in Chicago. Watch both speeches below.

Romney’s concession speech:

And a clip of Obama’s victory speech (will update with full speech when available):

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