International law originated in the late 18th century with the term being coined by Jeremy Bentham in 1780. Bentham defined international law as the body of legal rules and standards that apply between sovereign states and other international actors. In the present day, international law regulates the relations between states and is necessary for states to have regular interaction and trade, as without such a system the international community would not be able to function. The 20th century saw a rapid development of international law through the creation of multilateral treaties covering various issues and the increased use of arbitration to settle disputes between states. Additionally, institutions like the Permanent Court of International Justice and current International Court of Justice have contributed to the development of international law through