Build Up
See also: 2003 Louis Vuitton CupThe 2002–2003 Louis Vuitton Cup, held in the Hauraki Gulf in Auckland, New Zealand saw nine teams from six countries staging 120 races over five months to select a challenger for the America's Cup. Due to sponsorship rules in force at the time, the boats were not allowed to be named after their sponsors which affected only one challenger. The Oracle boat was referenced by its sail number USA-76 because the team did not give the boat a name.
On January 19, 2003 the Swiss challenger Ernesto Bertarelli’s Alinghi, skippered by Russell Coutts, won the Louis Vuitton Cup Finals by defeating the American challenger, Larry Ellison's Oracle, 5–1, once again eliminating the United States from the America's Cup competition.
Read more about this topic: 2003 America's Cup
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“It is accordance with our determination to refrain from aggression and build up a sentiment and practice among nations more favorable to peace ... that we have incurred the consent of fourteen important nations to the negotiation of a treaty condemning recourse to war, renouncing it as an instrument of national policy.”
—Calvin Coolidge (1872–1933)