The first condition of success for the League of Nations is, therefore, a firm understanding between the British Empire and the United States of America and France and Italy that there will be no competitive building up of fleets or armies between them.

The more the history of the World War and what led up to it is studied, the more clearly those tragic years become revealed as a vast collapse of civilization.

The question is, what are we to do in order to consolidate peace on a universal and durable foundation, and what are the essential elements of such a peace?

The vast upheaval of the World War set in motion forces that will either destroy civilization or raise mankind to undreamed of heights of human welfare and prosperity.

The world before 1914 was already a world in which the welfare of each individual nation was inextricably bound up with the prosperity of the whole community of nations.

Those nations have a very great responsibility at this juncture of the world's affairs, for by throwing their joint weight into the scales of history on the right side, they may tip the balance decisively in favour of peace.

We had four years of world war which the peoples endured only because they were told that their sufferings would free humanity forever from the scourge of war.

The forces that are driving mankind toward unity and peace are deep-seated and powerful. They are material and natural, as well as moral and intellectual.

It has become impossible to give up the enterprise of disarmament without abandoning the whole great adventure of building up a collective peace system.

The Disarmament Conference has become the focal point of a great struggle between anarchy and world order... between those who think in terms of inevitable armed conflict and those who seek to build a universal and durable peace.

To solve the problem of organizing world peace we must establish world law and order.

Therefore, let us not despair, but instead, survey the position, consider carefully the action we must take, and then address ourselves to our common task in a mood of sober resolution and quiet confidence, without haste and without pause.

But to cut off relations with an aggressor may often invite retaliation by armed action, and this would, in its turn, make necessary some form of collective self-defence by the loyal members of the League.

The nations must be organized internationally and induced to enter into partnership, subordinating in some measure national sovereignty to worldwide institutions and obligations.

Another essential to a universal and durable peace is social justice.

One of the first essentials is a policy of unreserved political cooperation with all the nations of the world.

The drive toward economic nationalism is only part of the general revival of nationalism.

The years of the economic depression have been years of political reaction, and that is why the economic crisis has generated a world peace crisis.

This is our world, and we must make the best of it.

Thus, the struggle for peace includes the struggle for freedom and justice for the masses of all countries.