The treaty of versailles is a document, primarily written by the three countries; Britain, USA and France.The treaty formed the core of the peace settlements after world war 1.
The treaty of versailles caused Germany to be bankrupt because its reserves of gold had been used up in the war and the wealth-earning areas of Germany were given to other countries. when Germany asked for reductions they were denied because the victors of the war also needed money to pay war debts to the USA.
With no gold reserves and falling income, by 1923 Germany could no longer pay.
This caused hyperinflation in Germany.
example: A loaf of bread would cost...
In 1919: 1 mark
In 1922: 200 marks
In 1923: 100,000 million marks!!!
The Treaty of Versailles is a document signed by the German Government to accept responsibility of World War 1.
11 german colonies in africa were distributed to the victorious countries and were mandates( territories to be taken care of.)
Reparations were fixed at 136,000 million german marks ($6600 MILLION)
Altogether, germany lost 13% of its european territory, 50% of its iron and 15% of its coal reserves.