Well, the treaty was the peace treaty at the end of World War I

--quote--
The peace settlement was drawn up at the end of a long and gruelling war which cost over eight million lives and, according to one estimate, around 260 billion dollars - or to put it another way, over six times the sum of all the national debt accumulated in the entire world from the end of the 18th century to 1914.
--/quote--

This NYT article from 1919 gives a great perspective of the event.

http://www.nytimes.com/learning/general/onthisday/big/0628.html#article

Source(s):
http://www.bbc.co.uk/history/worldwars/wwone/versailles_01.shtml
http://www.eyewitnesstohistory.com/versailles.htm

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