Read the following paragraph and determine if the hypothesis is true:

The Peace Palace (Dutch: "Vredespaleis" ; ] ) is an international law administrative building in The Hague, the Netherlands. It houses the International Court of Justice (which is the principal judicial body of the United Nations), the Permanent Court of Arbitration (PCA), the Hague Academy of International Law and the Peace Palace Library.

Hypothesis: The Peace Palace was built in 1876 in North America
No