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Democratic Senator Barack Obama has been elected the first black president of the United States.

"It's been a long time coming, but tonight... change has come to America," the president-elect told a jubilant crowd at a victory rally in Chicago.

His rival John McCain accepted defeat, saying "I deeply admire and commend" Mr Obama. He called on his supporters to lend the next president their goodwill.

He says the American people have made two fundamental statements about themselves: that they are profoundly unhappy with the status quo, and that they are slamming the door on the country's racial past.

McCain: 'We must work together'

Mr Obama appeared with his family, and his running mate Joe Biden, before a crowd of tens of thousands in Grant Park, Chicago.

Many people in the vast crowd, which stretched back far into the Chicago night, wept as Mr Obama spoke.

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