Reasons for Failure

The League failed in Manchuria and Abyssinia because it WAS DUMB!

Weak – the League’s ‘powers’ were little more than going ‘tut-tut’.
Sanctions did not work.   It had no army.
America – the strongest nation in the world never joined.   Britain and
France were not strong enough to impose pace on their own.
Structure – the League was muddled, so it took ages to do anything.  
Members couldn’t agree – but decisions had to be unanimous.   This
paralysed the League.
Depression – the world-wide Depression made countries try to get more
land and power.   They were worried about themselves, not about world
peace.
Unsuccessful – the more the League failed, the less people trusted it.  
In the end, everybody just ignored it.
Members – the League’s main members let it down. Italy and Japan
betrayed the League.   France and Britain did nothing to help it.
Big bullies – in the 1920s, the League had dealt with weak countries. 

  In the 1930s, powerful countries like Germany, Italy and Japan

attacked weaker countries.   They were too strong for the League to
stop them.  
The main failure was the lack of support from America, which began to
emerge after WWI. Though Wilson illustrated the need for the League in his
14 points, the US public was highly isolationist both before and after WWI,
leading to a lack of both political and financial support for the League.

"The Treaty of Versailles was one of the peace treaties at the end of World War I. It
ended the state of war between Germany and the Allied Powers. It was signed on
28 June 1919, exactly five years after the assassination of Archduke Franz
Ferdinand, one of the events that triggered the start of the war. Although the
armistice signed on 11 November 1918 ended the actual fighting, it took six months
of negotiations at the Paris Peace Conference to conclude the peace treaty. Of the
many provisions in the treaty, one of the most important and controversial required
Germany and its allies to accept responsibility for causing the war and, under the
terms of articles 231-248, to disarm, make substantial territorial concessions and
pay reparations to certain countries that had formed the Entente powers. The
Treaty was undermined by subsequent events starting as early as 1922 and was
widely flouted by the mid-thirties.
an international organization of European countries formed after World War II to
reduce trade barriers and increase cooperation among its members; "he tried to
take Britain into the Europen Union"

The Chinese Revolution in 1949 refers to the final stage of military conflict (1946–1950) in the
Chinese Civil War. In some anti-revisionist communist media and historiography, as well as the
official media of the Communist Party of China, this period is known as the War of Liberation
(simplified Chinese: 解放战争; traditional Chinese: 解放戰爭; pinyin: Jiěfàng Zhànzhēng).

With the breakdown of peace talks between the Kuomintang or Chinese Nationalist Party
(KMT), and the Communist Party of China (CPC), an all-out war between these two forces
resumed. The Soviet Union provided limited aid to the communists, and the United States
assisted the Nationalists with hundreds of millions of dollars worth of military supplies and
equipment (now surplus PLA munitions), as well as the airlifting of many Nationalist troops
from central China to Manchuria, an area Chiang Kai-Shek saw as strategically vital to defend
Nationalist-controlled areas against a communist advance.

First reliable Steam EngineCotton Gin, Interchangeable parts for muskets,

Regular Steamboat service on the Hudson River, Telegraph, Sewing
Machine, Improves and markets Howe's Sewing Machine, Transatlantic
Cable, Telephone, Phonograph, Incandescant Light BulbInduction Electric
MotorDiesel EngineModel T Ford, Assembly Line

First Airplane, Induction Electric Motor

significance
the Industrial Revolution vastly transformed the world in virtually all aspects of life.
Begun in Britain, it would spread to the rest of Europe and later to the US and
Japan, drastically changing society.

effects
Undergirding the development of modern Europe between the 1780s and 1849 was
an unprecedented economic transformation that embraced the first stages of the
great Industrial Revolution and a still more general expansion of commercial
activity. Articulate Europeans were initially more impressed by the screaming
political news generated by the French Revolution and ensuing Napoleonic Wars,
but in retrospect the economic upheaval, which related in any event to political and
diplomatic trends, has proved more fundamental