ABSTRACT
The Democratic President Woodrow Wilson, was a former Princeton Professor who after the cataclysm of the First World War, which America belatedly entered in 1917, took his Fourteen Points to the Versailles Peace Conference and proposed interventionist idealism. The inauguration of Bill Clinton's apparently centrist Democrat administration in 1992, did not entirely offset this shift to the Right as Bill Clinton himself then moved to the Right also in 1994 to accommodate it. Bill Clinton's foreign policy was dominated by the globalisation project. The administration ran down military expenditure with the end of Cold War and mothballed much military equipment. Bill Clinton did successfully advance globalisation. Historically the pattern of lowering tariff barriers and deregulation of labour and capital markets, the heart of globalisation, first took place in the mid-nineteenth century and continued until interrupted by the First World War and the Great Depression.
