Final answer:
The Treaty of Versailles excluded Germany and Bolshevik Russia from its formation and had major implications for the post-war world, including the imposition of harsh penalties on Germany and the weakened authority of the resulting League of Nations. Racial equality was ignored in the Treaty, and various countries were discontent with the territorial allocations.
Step-by-step explanation:
The Treaty of Versailles excluded several countries from its agreements. Notably, Germany and Bolshevik Russia were not part of the initial formation of the League of Nations that followed World War I. Other powerful countries were also left out of the Treaty's terms, which led to significant consequences for the post-war world order.
The Treaty imposed harsh penalties on Germany, including the loss of territory and a demand for reparations. The absence of key players like the United States, which never became an official signatory, significantly weakened the international authority of the Treaty and the League of Nations. Racial and ethnic considerations also played a role, as the Treaty did not include a clause for racial equality, strongly opposed by nations such as Australia and the United States, and did not account for African lives lost during the war.
Additionally, there were territorial disappointments for various countries: Italy did not receive Dalmatia, France acquired only a part of Germany's African colonies, and Japan was denied all of Germany's colonial holdings in Asia and the Pacific. The Treaty lacked solutions to internal ethnic issues, leaving the possibility for future conflicts, as evidenced by the creation of Czechoslovakia.