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Not economically, but in terms of international diplomacy we were more or less sitting back and letting everyone else figure things out. Recall, one of Wilson's 14 Points (if memory serves, the only one that actually got anywhere) was the creation of the League of Nations - and then America refused to join.


We were throwing money all around (blame Taft and his "dollar diplomacy") but we weren't getting involved in matters of state all that much until the late 30s.


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