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I am convinced that when the history of international law comes to be written centuries hence, it will be divided into two periods: the first being from the earliest times to the end of the nineteenth century, and the second beginning with the Hague Conference. ↗
The popular, and one may say naive, idea is that peace can be secured by disarmament and that disarmament must therefore precede the attainment of absolute security and lasting peace. ↗
On this basis, which was originally financial and goes back to George Peabody, there grew up in the twentieth century a power structure between London and New York which penetrated deeply into university life, the press, and the practice of foreign policy. ↗
