Finally, there was the Armistice, and then catastrophe: an influenza epidemic killed twenty million people (500,000 in the United States); Allied ""economic vengeance"" made Germany a kind of Biafra while food surpluses a border away rotted in Swiss warehouses; the Russian Revolution became increasingly bloody; Italy was a victor which received no spoils; and intellectual President Wilson failed ""to communicate"" with his lowbrow Congress. Carter, the editor of Forbes magazine, presents the whole roster of calamities, in a loosely-knit almanac of the year of the Fourteen Points. Actually, the analyses of events and tendencies stretch the book's scope to twenty years before and after 1918. It's a brave attempt, though not entirely a wise one in a book of only 148 pages. Still, Carter aims only to present the high points of the year--and though many of them turn out to be low points he does this much.