This was a peace treaty at the end of World War I which established new nations, borders, and war reparations. It held Germany responsible for starting the war and imposed heavy penalties on them.
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League of Nations: An international organization established after World War I under the provisions of the Treaty of Versailles to promote international cooperation and achieve peace and security.
War Guilt Clause: The opening article in the reparations section of the Treaty Of Versailles which ended World War I between Germany and Allied Powers. It stated that Germany acknowledges responsibility for causing all loss during war.
Reparations: Payment for war damages or damages caused by imprisonment.