The allies point of view was that WW1 was cause by Germany and its allies and that Germany had to be "punished" for it with reparations. These reparations were a source of great dissatisfaction in Germany, contributed to its financial crisis in the period after the War, and paved a way for Hitler's government, because the frustrated and desperate people were more likely to accept an extreme government.
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The Treaty of Versailles, signed in June 1919 at the Palace of Versailles in Paris at the end of World War I, codified peace terms between the victorious Allies and Germany. The Treaty of Versailles held Germany responsible for starting the war and imposed harsh penalties in terms of loss of territory, massive reparations payments and demilitarization. Far from the “peace without victory” that U.S. President Woodrow Wilson had outlined in his famous Fourteen Points in early 1918, the Treaty of Versailles humiliated Germany while failing to resolve the underlying issues that had led to war in the first place. Economic distress and resentment of the treaty within Germany helped fuel the ultra-nationalist sentiment that led to the rise of Adolf Hitler and his Nazi Party, as well as the coming of a World War II just two decades later.
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