In early 1914, British First Lord of the Admiralty Winston Churchill (1874–1965) observed that “the world is arming as it has never armed before.” Foreign Secretary Sir Edward Grey (1862–1933) agreed, lamenting that “excessive expenditure on armaments, carried to an extensive degree, must lead to a catastrophe,” and adding that he saw “very little to be done” to prevent the impending cataclysm.