Early peace changes British debt and American standing

In the early-peace scenario, Britain avoids much of the American debt associated with continuing the war through 1917 and 1918. Substantial debts to Canada, Australia, Singapore, and other imperial sources would remain, but these are treated as more manageable within the empire. American absence from the peace negotiations also removes Wilson's Fourteen Points from this version of the settlement. The scenario distinguishes actual American power from how other governments might perceive it. Remaining outside the war after submarine losses and disputes over the British blockade could create a perception of weakness. In the scenario's diplomatic argument, that perception would affect interest in American agreements without measuring the country's actual capabilities.