Wilson's Peace

Prior to America's entry into World War 1, Woodrow Wilson tried on multiple occasions to start peace talks between both sides (led by him, of course). By the end of 1916, France and Britain had depleted their treasuries and were largely relying on American banks to pay for the war effort. On November 27, Wilson told the fed to issue an order preventing any more loans to the Allies. This was a devastating move. This was followed in December and January by calls for US-brokered peace by Wilson. The Allies were largely at his mercy, since their remaining reserves would barely last 2 months. For the Central powers, who had fallen on the defensive, this was a gokden oppurtunity that they rejected, since the German high command believed the US government was with the Allies already, since the banks already were. To them, giving in to Wilson would be surrender. In late January, the Zimmerman telegram was intercepted and the unrestricted submarine warfare resumed, pushing America into the war.

In this alternate history, Germany does not restart the submarine blockade and agrees to an immediate peace, ending the war in late January 1917.

What would the postwar Europe look like?

How would this affect the Russian Revolution?

What changes would occur in the postwar economies and alliance systems?

Would the Ottomans and Austria-Hungary survive intact?

Okay, so the belligerents had the following goals at the time of the peace talks:
Germany wanted to keep the Polish puppet, make Belgium a puppet, and annex Luxembourg.
Austria wanted to keep Serbia and Montenegro as puppet states, and possibly take venice back (unlikely).
Bulgaria wanted to expand into Serbia and Romania.
Britain wanted Belgium independent.
France wanted Alsace-Lorraine back.
Russia wanted Poland back, and Serbia and Montenegro independent.
Japan wanted Germany's Asian colonies and greater economic and political influence over China.
Italy wanted South Tyrol and Dalmatia (unlikely)

Edit: Wilson wanted a 'peace without victory', so he might have disregarded all of these goals and gone for a white peace with no changes.

Okay, so the following events play out from 1917-1926

Peace treaties are signed. Poland remains a German puppet, Belgium and northeast France are unoccupied, and Serbia remains a spherling of Austria. The League of Nations still forms, only this time the USA joins, giving it more authority.

An economic crash begins in Europe, with high unemployment and the governments low on money. Waves of immigrants move to the Americas, and most countries face hyperinflation or take large loans from American banks (which happened historically). This leaves most nations resentful of America, except Russia.

The Arab revolt continues, and an Ottoman civil war takes place. Iraq and Syria (which contains modern day Israel, Lebanon, and roughly Syria and Jordan) gain independence. Ataturk takes power sooner than historically. Saudi Arabia still forms.

The February revolution still occurs, but Lenin never returns to Russia and a weak fledgling democracy forms. Nationalist tensions die down and the economy slowly improves.

Germany passes more democratic reforms in 1918 after large protests.

Mussolini takes over Italy sooner than IOTL, or he never gains enough popular support to do so.

Fascism and Socialism become more popular in Romania, Bulgaria, France, England, and Serbia, where the people are angry with the failure of the government to succeed.

Austria- Hungary becomes increasingly reliant on Germany, which angers both the Austrians and minorities. Austria succumbs to nationalist revolts. Germany sends large amounts of military aid, eventually restoring order. Reforms are passed to give equal rights to minorities.

Here's another way peace could have been negotiated around this time.

That looks interesting, thanks.

Has anyone followed this particular timeline before?

A potential sequence of events in the mid-1920s

Following nationalist revolts in Austria, Mussolini quickly occupies Dalmatia, Tyrol, and the Adriatic coast while Germany helps restore order elsewhere. After the nationalists are quelled, Mussolini refuses to evacuate his troops and annexes these areas into Italy.

Germany and A-H go to war with Italy. Mussolini is disastrously defeated in a costly war for both sides. He is deposed by communist rebels, who quickly make peace with Germany.

Austria becomes the new 'sick man of europe', with the great powers questioning how long the country will hold together.

Another potential chain of events in the mid-twenties I thought of:

After Austria faces nationalist rebellions, Serbia declares full independence and invades, calling for a kindom of greater Serbia. They occupy Bosnia and Southern Hungary. Romania and Italy follow suit with declarations of war to claim territories they were promised in World War 1. Germany and Austria appeal to the LoN to stop the invasions, but no nation expresses any particular interest in supporting Austria. The league eventually starts embargoing Italy and Romania. Germany sends military aid to Austria to stop the anti-Austrian coalition (for lack of a better name). Bulgaria declares war on Serbia and Romania, seeking Macedonia and Dubrojnia. This catches Romania and Serbia off guard and forces them into retreat. Mussolini is defeated by Germany and quickly makes peace. Serbia gains independence, while Bulharia acquires the desired territories.

The Great Depression happens earlier, and the effects in Germany and Britain are far less severe than historically, due to the war being shorter and Germany not having to rely on American loans. Instead, Austria is hit hard, having relied on foreign aid that is now cut off. This leads to a new wave of unrest. Japan's invasion of Manchuria is met with a strict embargo from the LoN. Without Micronesia and the Marshall Islands, Japanese power in the pacific is much more limited.

I've got no clue where things go from here? Any thoughts or criticisms?