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      threw in her weight behind it. Without her aid Great Britain 
      and France could not have continued economically and financially 
      till 1918, nor could they have ejected Germany from Belgium and 
      Northern France without the assistance of the 2,000,000 American 
      soldiers in Europe in that year. President Wilson attempted to 
      make the world a safe place to live in by trying to induce the 
      whole world to go democratic and low tariff, and to substitute 
      for British sea power and the balance of power the system of 
      the League of Nations. It was a magnificient conception. But 
      the world was not ready for it, and to-day not only has the League 
      gone but the alternative system of preserving liberty over half 
      the world, the control of the seas by Great Britain alone coupled 
      with something approximating to free trade is rapidly disappearing 
      also. On the one hand economic nationalism and still more totalitarian 
      economics are undermining the old free capitalist exchange. On 
      the other hand the strategic balance is going rapidly against 
      Great Britain. The population of Germany is 90,000,000 of Italy 
      is 45,000,000, of Japan is 70,000,000, and all of these countries 
      are now on a war basis. The population of Great Britain is 45,000,000 
      and of France about the same. Both are only half on a war basis. 
      With Russia for the time being outside the picture, there is 
      now a balance of some 200,000,000 peoples organised on totalitarian 
      lines, against about l00,000,000, including the overseas Dominions, 
      organised on democratic lines, though the latter are still in 
      possession of the strategic keys to sea power.
 
      
 
 
Two possible conclusions can be drawn from this. One is that 
      the United States is once more going to be confronted, as it 
      was indeed in 1917, with the choice of whether, with her population 
      of 130,000,000 and immense