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What would the 1920s and 1930s--both in the U.S. and abroad--have looked like had Charles Evans Hughes won the U.S. Presidency in 1916?

For the record, I am operating on the assumption that Hughes would have taken the U.S. into WWI just like Wilson did and that WWI would have still resulted in an Entente victory and in approximately a similar peace treaty in comparison to our TL.

Also, I suspect that some Democrat (probably not Woodrow Wilson due to his health, though) will win the U.S. Presidency in 1920 in this TL in response to WWI and the resulting recession. Afterwards, I expect Democrats to hold the White House until the Great Depression occurs, after which point the Republicans will capture the White House in 1932.

However, I am specifically curious about both the nature of U.S. domestic and foreign policy in the 1920s and 1930s and the situation in other parts of the world (Europe, Asia, the Pacific, et cetera) during this time.

Anyway, any thoughts on this?
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