Treaty of Versailles

The Treaty of Versailles was one of the peace treaties at the end of World War I.

The treaty forced Germany to disarm, make substantial territorial concessions, and pay reparations to certain countries that had formed the Entente powers.
In 1921 the total cost of these reparations was assessed at 132 billion Marks (then $31.4 billion or £6.6 billion, roughly equivalent to US $442 billion or UK £284 billion in 2014)

The historian Sally Marks judged the reparation figure to be lenient, a sum that was designed to look imposing but was in fact not, that had little impact on the German economy and analysed the treaty as a whole to be quite restrained and not as harsh as it could have been.[7]

Germany was not pacified or conciliated, nor permanently weakened. The problems that arose from the treaty would lead to the Locarno Treaties, which improved relations between Germany and the other European Powers, and the renegotiation of the reparation system resulting in the Dawes Plan, the Young Plan, and the indefinite postponement of reparations at the Lausanne Conference of 1932.

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It ended the state of war between Germany and the Allied Powers. It was signed on 28 June 1919