The treaty of Rapallo, concluded in 1922 between Germany and the Soviet Union, the two vanquished powers of the Great War, ranks high among the diplomatic coups de surprise of the twentieth century. Its real importance, however, lies in the repercussions of the alliance on the subsequent policies of the two victorious powers, Britain and France. This study examines the impact of Rapallo on British foreign policy between 1922 and 1934, when the German-Soviet relationship had virtually ended. The "ghost of Rapallo" is the central theme of this story, as ever since the treaty's conclusion...