Answer:
The Treaty of Versailles, signed in June 1919 at the Palace of Versailles in Paris at the end of World War I, codified peace terms between the victorious Allies and Germany. The Treaty of Versailles held Germany responsible for starting the war and imposed harsh penalties in terms of loss of territory, massive reparations payments and demilitarization. Far from the “peace without victory” that U.S. President Woodrow Wilson had outlined in his famous Fourteen Points in early 1918, the Treaty of Versailles humiliated Germany while failing to resolve the underlying issues that had led to war in the first place.
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