Note 1 — Chapter III · POLICY AND ARMAMENTS

American writers have urged criticism of this sort against the armaments of the U.S.A., which they allege are inadequate to uphold the policy of the 'Monroe Doctrine.' The German view of the matter has been stated by the Chancellor (April 7, 1913) when introducing the Army Bill:—"History knows of no people which came to disaster because it had exhausted itself in the making of its defences; but history knows of many peoples which have perished, because, living in prosperity and luxury, they neglected their defences. A people which thinks that it is not rich enough to maintain its armaments shows merely that it has played its part."