Objectives of the League: After the First World War, a world organisation, popularly known as the League of Nations, was created in 1920. The chief aims or purposes of this new world organisation i.e., the League of Nations were the following: (i) To preserve peace and security in the world. (ii) To settle international conflicts in a peaceful manner. (iii) To promote just and honorable relations among the nations of the world. (iv) To force its members not to resort to war. (v) To formulate plans for the reduction of armaments. (vi) To take economic and military action against any country. (vii) To improve labour and social conditions in different countries. To achieve this aim, the International Labour Organization was set up which is even now one of the specialized agencies of the United Nations.