Treaty of Versailles

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John Maynard Keynes, deemed to be excessive and counterproductive and would have taken Germany until 1988 to pay. The Treaty was undermined by subsequent events starting as early as 1932 and was widely flouted by the mid-1930s.
The result of these competing and sometimes conflicting goals among the victors was compromise that left none contented: Germany was not pacified or conciliated, nor permanently weakened. This would prove to be a factor leading to later conflicts, notably and directly the Second World War. Negotiations between the Allied powers started on 18 January in the Salle de l'Horloge at the French Foreign Ministry, on the Quai d'Orsay in Paris. Initially, 70 delegates of 27 nations participated in the negotiations. Having been defeated, Germany, Austria, and Hungary were excluded from the negotiations. Russia was also excluded because it had negotiated a separate peace with Germany in 1918, in which Germany gained a large fraction of Russia's land and resources. ...

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