The Treaty of Versailles established terms of peace after World War 1. Georges Clemenceau of France wanted harsh punishment of Germany, while Woodrow Wilson of the US advocated for his 14 Points and League of Nations. David Lloyd George of Britain sought compromise. Key terms included Germany accepting war guilt, severe military restrictions, reparations, and land losses. The treaty established principles that other treaties with Austria, Bulgaria, Hungary, and Turkey followed. It was seen as unfair by Germans but achieved some successes in self-determination like establishing new states, though it also had failures and problems that contributed to future tensions.