The Americans and British saw the near collapse of the French and it motivated Wilson to finally declare war on April 2, 1917. I have seen it argued - if the Americans had stayed out, the war would have ended in a stalemate shortly thereafter. Its all speculation, but history certainly would have been different.
Given Hitler's motivations relative to WWI and the Treaty of Versailles, it could have averted WWII. Which could have averted what we see in the Middle East today. Possibly. We'll never know.
I agree that that WWI would undoubtedly have resulted in a protracted stalemate absent US intervention, but the precipitate causes of the US Declaration of war were the resumption by the Germans of unrestricted submarine warfare and the release of the Zimmerman telegram pledging southwest US regions to Mexico, should they give military aid to the Germans.
I myself suspect that if the US had stayed out of the war, the Germans would have won.
In the Spring of 1918, the Germany army was walking-dead, but the French/British armies were even worse. The German offensive was on its way to Paris, and probably would have made it had they not been stopped by the Americans at Belleau Wood.