The League of Nations was founded in 1920 with the goal of maintaining world peace. It was established through the Treaty of Versailles and other peace treaties after World War I. The League operated through an Assembly of member states and a Council of permanent and rotating members that made decisions on issues to be voted on. However, key countries like Germany, the US and Soviet Union were not members, and all decisions required unanimity. As a result, the League struggled to resolve disputes and enforce collective security, contributing to its inability to prevent the start of World War II.