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Any of these remedies, however, can backfire. It is virtually impossible to craft remedies to unfair trade practices that avoid both reducing incentives for domestic companies to innovate and export and harming domestic buyers. The aim of remedies should be adjustments that allow the remedy to disappear.
The 14 points included proposals to ensure world peace in the future: open agreements, arms reductions, freedom of the seas, free trade, and self-determination for oppressed minorities. The 14 points served as a basis for the terms of German surrender negotiated at the Paris Peace Conference in 1919, but most of Wilsons 14 points were abandoned in the Treaty of Versailles ending World War I. The Treaty of Versailles did, however, include one of Wilsons proposals: the establishment of a world organization to provide a system of collective security for all nations; this organization came to be known as the League of Nations. The U.S. Senate refused to adopt the treaty or join the League of Nations. Wilson later suggested that there would be another world war within a generation if the U.S. failed to join the League. 153554b96e
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