Dominic Calvert-Lewin scored the only goal of the game before Freddie Woodman denied Adalberto Peñaranda from the penalty spot with less than 20 minutes remaining to preserve the narrow advantage.
The last time that England were able to call themselves World Champions was in 1966.
Everton has provided other impressive performers in right-back Jonjoe Kelly, midfielder Kieran Dowell and forward Dominic Calvert-Lewin.
Barely weeks later, four members of the Toffees future have now had their names go down in England football's history books after winning the Under-20 World Cup that came to an end today in South Korea.
Lookman and Calvert-Lewin have been getting games for Ronald Koeman's senior side already, and on this performance we can expect Kenny's promotion in Seamus Coleman's absence to be accelerated.
Gareth Southgate believes players in England teams at every level will feel they can win major tournaments after the Under-20 side's triumph at the World Cup.
The team is managed by former Wolves and Walsall winger Paul Simpson, and he was supported by Aaron Danks, who was an Albion academy coach for 10 years before the FA snapped him up 12 months ago.
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England may be faced with the task of defending Monaco forward Kylian Mbappe, the 19-year-old who has been linked with Real Madrid, Arsenal and Paris Saint-Germain after firing the principality club to Ligue 1 glory.
"It's a dream come true, and that doesn't even sound like a strong enough statement to express how big an achievement this is for everyone concerned".
After a slow start the game was lit up by an audacious long-range effort after 16 minutes from Ronaldo Lucena, whose swerving, dipping free-kick from all of 40 yards clipped the outside of a post.
Simpson was pleased with how his players dug in and held on.
"It's an incredible feeling and I don't think it will ever go away". It was wonderful for us all.
He added. "We really had to battle in the second-half. The players have defended for their lives out there and have shown an unbelievable spirit".
Another of the England heroes who will be hoping to grace a Premier League stage next season is Freddie Woodman, with the Newcastle goalkeeper making a key contribution for his country.
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