| After defeating Germany in World War I, the victorious parties found it difficult to agree on the price Germany should pay in war reparations. Leaders from the United States, Britain, France, and Italy met at the Paris Peace Conference in 1919 and drafted the Treaty of Versailles. The treaty mandated a number of restrictive and compensatory measures for Germany, including massive demilitarization and financial reparations. Representatives at the conference included, left to right, British prime minister Lloyd George, Italian foreign minister Giorgio Sonnino, French premier Georges Clemenceau, and U.S. president Woodrow Wilson. |
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