IOTL, incumbent President Woodrow Wilson won an extremely narrow victory against Republican nominee and Associate Justice Charles Evans Hughes. Hughes came within 4,000 votes of winning the state of California, which alone would have swung the election to Hughes. The 1916 Presidential Election was incredibly important as it immediately preceded American entry into the First World War, and Woodrow Wilson would try to shape the world with his ideals in the peace talks, leading to massive ripples throughout history. What if President Wilson lost re-election to Charles Evans Hughes? How would a President Hughes handle the end of WW1, and the Treaty of Versailles? How would Hughes' Treaty of Versailles differ from Wilson's? What decisions would President Hughes make domestically? Would Woodrow Wilson try to seek a second non-consecutive term in 1920? Seeing as any Democrat would likely defeat President Hughes in the turbulent atmosphere of 1920, what would a 1920s under Democrat administrations differ from OTL, especially economically?