Originally published in 1933, this volume covers 3 features of British history in the 40 years prior to the First World War: the inroad made by commercial and industrial Germany on the far-flung business empire of Great Britain; the British national reaction to this German rivalry and the influence of that rivalry upon the shaping of British policy toward Germany.

1. The Great Divide, 1870-1880 2. A New Commercial World 3. Britain Falters and Germany Advances 4. Home and Continental Markets 5. Overseas Markets and Shipping 6. National Alarm 7. The Trade Question and Britain's German Policy.