Reform of the House of Lords is necessary to give us a Second Chamber in sympathy with the movements of public opinion, and emancipated from class fe… - Edward Grey, 1st Viscount Grey of Fallodon

The example would spread, and I am not without hope that one or more great European Powers would eventually make a similar agreement with us and the United States. The effect of such agreements on disarmament and the morale of international politics would be considerable.

So far from regarding this as a test case on which the future of the League of Nations depends, I say that whatever happens in the Far East, I shall feel that the League of Nations is as important as ever to the peace of the world. The real test of the success of the League is not to be found in what happens in the Far East. It is going to be found in the way nations, especially of Europe, succeeded in reducing their expenditure on armaments.

The great countries of Europe are raising enormous revenues, and something like half of them is being spent on naval and military preparations. You may call it national insurance, that is perfectly true, but it is equally true that half the national revenue of the great countries in Europe is being spent on what is, after all, preparations to kill each other. Surely the extent to which this expenditure has grown really becomes a satire, and a reflection on civilisation. Not in our generation, perhaps, but if it goes on at the rate at which it has recently increased, sooner or later I believe it will submerge that civilisation. The burden already has shown itself in national credit—less in our national credit than in the national credit of other nations—but sooner or later, if it goes on at this rate, it must lead to national bankruptcy.