Woodrow Wilson: “Punitive damages, the dismemberment of empires, the establishment of selfish and exclusive economic leagues, we deem…”

I am not convinced that the method proposed is wise, that the benefits, if any, would offset the evils which would result, or that the same or larger advantages cannot be secured without resort to Government intervention.

A recommendation at this time that suitable legislative action should be taken may appear somewhat premature, but in view of the approaching termination of my administration I have brought this matter to your attention, hoping that…

Actual relief can come only from the adoption of constructive measures of a broader scope, from the restoration of peace everywhere in the world.

If there ever was a time when America had anything to fear from foreign competition, that time has passed.