The Treaty of Versailles, signed in 1919 at the end of World War I, had significant long-term consequences. Firstly, it imposed heavy reparations on Germany, leading to economic instability and hyperinflation in the country. The harsh conditions of the treaty also fueled resentment and a sense of injustice among the German population, which contributed to the rise of Adolf Hitler and the Nazi Party. Additionally, the redrawing of borders and the creation of new nations in Europe, such as Czechoslovakia and Yugoslavia, resulted in ongoing ethnic tensions and conflicts. Overall, the Treaty of Versailles laid the groundwork for future geopolitical challenges and played a pivotal role in shaping the course of the 20th century.