This volume covers the interwar period, showing clearly how pacificism, especially in Britain, and resentment in Germany at the post-WWI conditions imposed by the victors combined to lead to WWII. The style is direct and energetic, and highly readable.
Churchill, though not in government for most of this period, was very well informed and saw clearly what was happening. I am not an expert on this period and no doubt historians have subsequently contradicted some of the details. Nevertheless, this must be a valuable historical text (as distinct from a history book) due to his personal knowledge of developments in Britain.
The style, unsurprisingly I suppose, is curiously dated, for example referring to European nationalities as 'races', and capitalising words such as 'Peace' and 'Government', but this does not detract in any way from the readablility, and adds to the sensation of reading a historical document.
This is by far the greatest tale of the second world from probably one of the greatest writers of recent times. You get the in depth viewpoint of the great man and one of the most interesting books on military history ever written. A must have book.