Disengage no.
Be a little choosier about how and where we engage, yes.
While the First World War is interesting, the aftermath is even more so.
Fortunately Harding and Coolidge had the good sense to tell the League of Nations to shove it and only except the peace with the Central Powers.
War is the Ultimate Crisis, because in a crisis you can do things you couldn't do before.
(which is also why we have the War on Crime, War on Poverty, ect)