rtions of the earth. The competitors were Great Britain,
Germany, France, Russia and Italy. Japan and the United States did not
really enter the field for another generation.

The War of 1914 decided this much:--that France and Italy were too weak
to play the big game in a big way, that Germany could not compete
effectively for some time to come; that the Russians would no longer
play the old game at all. There remained Japan, Great Britain and the
United States and it is among these three nations that the capitalist
world is now divided. Japan is in control of the Far East. Great Britain
holds the Near East, Africa and Australia; the United States dominates
the Western Hemisphere.

The Great War began in 1914. It will end when the question is decided as
to which of these three empires will control the Earth.

Great Britain has been the dominant factor in the world for a century.
She gained her position after a terrific struggle, and she has
maintained it by vanquishing Holland, Spain, France and Germany.

The United States is out to capture the economic supremacy of the earth.
Her business men say so frankly. Her politicians fear that their
constituents are not as yet ready to take such a step. They have been
reassured, however, by the presidential vote of November, 1920.
American business life already is imperial, and political sentiment is
moving rapidly in the same direction.

Great Britain holds title to the pickings of the world. America wants
some or all of them. The two countries are headed straight for a
conflict, which is as inevitable as morning sunrise, unless the menace
of Bolshevism grows so strong, and remains so threatening that the great
capitalist rivals will be compelled to join forces for the salvation of
capitalist society.

As economic rivalries increase, competition in military and naval
preparation will come as a matter of course. Following these will be the
efforts to make political alliances--in the East and elsewhere.

These two countries are old time enemies. The roots of that enmity lie
deep. Two wars, the white hot feeling during the Civil War, the
anti-British propaganda, carried, within a few years, through the
American schools, the traditions among the officers in the American
navy, the presence of 1,352,251 Irish born persons in the United States
(1910), the immense plunder seized by the British during the War of
1914,--these and many other factors will make it easy to whip the