This text is a study of the period between the two World Wars. Written on the eve of World War II, it deals with war and peace and the conduct of international affairs. Its framework was topical - illustrations were drawn from the events of the day. But 40 years later its insights and arguments have not lost their relevance. Even the glimpses of the future in the last chapter have not been thrown entirely out of focus by the very different shape which the world has since assumed.

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