International history may be conceived in romantic terms – its movement determined by the contradictory forces of decadence and renewal, beginnings and ends, and exhaustion and innovation. Like dying suns, international orders and the hegemonic great powers that create them decay and burn out. This is not all bad. The twilight of a sun setting for the last time on a tired hegemon and its inhabitants signals daybreak for a new global leader and the revival ahead of international order. But first there is hell to pay. The path to renewed order is seldom a peaceful journey. It is most often the road to war, for the powerful rarely relinquish their rule without a fight. So goes the story of international history unfolding in repeating long cycles. Over time, hegemonic political orders start to fracture under the twin pressures of power shifts and contested legitimacy. Sometimes the reckoning comes sooner, say, within twenty-five years of the start of the world power phase; at other times, it comes later, fifty or more years. This chapter discusses the four phases of my version of the Long Cycle: World Power, Dissent, Crisis, and Hegemonic War. I then discuss the various features of a new kind of “relaxed” balance of power system.