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Active involvement in world affairs is called internationalism. Internationalism is a movement which advocates a greater economic and political cooperation among nations for the theoretical benefit of all. Wilson's program of political and social reform was called progressivism.
US involvement was tremendously helpful to the Triple Entente; it is likely that the outcome of the war would have been different had the US not gotten involved, either a victory by the Central Powers, or at least a stalemate, which would have resulted in a very different peace treaty than the Treaty of Versailles. This would have had huge historical consequences of various sorts.
Economic problems and depression around the world
Financial motives
Isolationism is a policy of not being involved in world affairs. This means a country does not bother itself with worrying about the welfare of other countries.
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