According to the Treaty of Versailles, the outcome of the Great War, or World War I, included significant territorial losses for Germany, which was deemed responsible for the war. The treaty imposed harsh penalties, including reparations, military restrictions, and the loss of colonies. It established the League of Nations, aimed at promoting peace and preventing future conflicts. However, the treaty's punitive measures contributed to economic hardships in Germany, fostering resentment among its populace, which ultimately played a role in the rise of nationalism and the outbreak of World War II.