The Treaty of Peace between The Allied and Associated Powers and Germany
The Treaty of Versailles was the most important of the peace treaties that brought World War I to an end. The Treaty ended the state of war between Germany and the Allied Powers. It was signed on 28 June 1919 in Versailles, exactly five years after the assassination of Archduke Franz Ferdinand which directly lead to World War I.
The overall conclusion was for Germany to accept the responsibility of Germany and her allies for causing all the loss and damage" during the war (the other members of the Central Powers signed treaties containing similar articles).
In 1921 the total cost of these reparations was assessed at 132 billion marks (then $31.4 billion, roughly equivalent to US $442 billion 2018).
The treaty stripped Germany of 25,000 square miles of territory and 7 million people. It also required Germany to give up the gains made via the Treaty of Brest-Litovsk and grant independence to the protectorates that had been established.
Germany was to demobilize sufficient soldiers by 31 March 1920 to leave an army of no more than 100,000 men in a maximum of seven infantry and three cavalry divisions. The treaty laid down the organisation of the divisions and support units, and the General Staff was to be dissolved.