The Treaty of Versailles, signed in 1919, ended World War I and imposed severe reparations on Germany. Its main outcomes included the redrawing of national borders, the dismantling of empires, and the establishment of the League of Nations to maintain peace. However, the treaty's harsh terms contributed to economic instability in Germany, fostering resentment that ultimately led to the rise of fascism and World War II. The Treaty of Versailles is often criticized for failing to create lasting peace and illustrating the challenges of post-war reconstruction.