<human>:  What was the significance of the Treaty of Versailles?
<bot>: The Treaty of Versailles, which was signed in 1919, was significant as it was the peace treaty that ended World War I. The treaty outlined the terms of peace between the Allied and Central Powers, established borders for Germany and set up the League of Nations. It also forced Germany to take full responsibility for the war and demanded heavy reparations in the form of money and resources in restitution for the damage caused during the war.