The document summarizes the key events of the Paris Peace Conference following World War I. The Big Four leaders (Wilson, Clemenceau, Lloyd George, and Orlando) debated the peace terms. Wilson proposed the Fourteen Points plan for lasting peace, including self-determination and a League of Nations. However, Britain and France prioritized punishing Germany. The resulting Treaty of Versailles blamed Germany for the war and imposed heavy reparations. It also redrew borders in Europe and divided former Ottoman lands into mandates. However, the treaty left bitter feelings on both sides and did not achieve a stable peace.