Note 1 — PART I PEACE AND WAR

Apart from Free Trade and unrestrained competition, there are three other doctrines, or political principles, associated with the Manchester School: (1) To maintain peace at any cost; (2) strictly to avoid all interference with the internal affairs of foreign Powers; (3) to subordinate as far as possible all other interests to the interests of industry. The complete organization of industry was to have, as its immediate consequence, the abolition of war. These principles crystallized later into the familiar watchword of Liberalism: "Peace, Retrenchment, and Reform."