The Versailles Peace Conference took place in 1919 after World War I, where leaders from the victorious Allied powers gathered to negotiate peace treaties. The most significant outcome was the Treaty of Versailles, which imposed heavy reparations and territorial losses on Germany. The conference aimed to establish a new order in Europe and prevent future conflicts. It also led to the creation of the League of Nations, an international organization intended to promote peace and cooperation among countries. However, the treaty's harsh terms contributed to political and economic instability in Germany, setting the stage for future tensions.