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Contents: The operation of the Dawes plan; International debts in their relation to world peace; The possibility of disarmament; Foreign investments and international peace; Can the feeling of insecurity in Europe be eliminated without the co-operation of the United States; The outlawry of war.

As professor Friedrich has pointed out in his Foreign Policy in the Making (Norton, New York, 1938) an effective foreign policy presupposes national unity and continuity. President Wilson tasted the bitterness of defeat over his League of Nations because he was an innovator and because he found it impossible to rally the nation behind his plan for American participation in an international peace program. At the present moment President Roosevelt is confronted both inside and outside his party by aggressive dissenters from his foreign policy. Persons and groups posing as the true defenders of the American democratic tradition have demanded the Ludlow referendum on war. They have presented isolationism, neutrality and economic nationalism as the principles of an authentic democratic way of life and have depicted international collaboration against aggressors as autocratic and dictatorial in tendency. The traditional American foreign policy of a "broad neutrality" says former President Hoover in Liberty, April 15, 1939, is being discarded by the present administration for a "vague use of force in association with European democracies." Others say that President Roosevelt is leading the United States into war in order to assure himself a third term and to perpetuate New Deal "dictatorship."

"Addresses . delivered at the Institute of politics at Williamstown . July . August, 1927."--Pref. ; "Peace, security, and trade."--Peace without security.--The recovery of Europe.--British policy in China. The rise of the nationalist movement.--Concession and conciliation in China.--The Russian question. ; Mode of access: Internet.

WESTERN Europe—what we may call the Roman world—is an wessential unit. The nations that go to make it up share a common culture. They have no cause either to despise or to quarrel with other nations. Yet their first business is to preserve unity among themselves and to show a common front to the rest of the world. In unity lies their security, whereas, if they quarrel among themselves, the true victory goes neither to the one group nor to the other of quarrelling Europeans but to the tertius gaudens outside Europe who profits from their divisions.