The Treaty of Versailles, the peace treaty signed by the Allied Powers and Germany in 1919 to end the First World War, affected Germany in various political, economic and social ways. Firstly, the economic impact of the agreement meant that Germany had to pay huge reparations of about £6.6 billion to other European nations who had been occupied by Germany. Indeed, territory was also taken from Germany which inhibited access to key agricultural and industrial resources, which were vital to economic development. These elements of the agreement hindered Germany's ability to recover from the war, meaning increased unemployment, poverty and inflation, which in turn drove resentment.
On a political level, Germany was deeply divided by the agreement. Many nationalists and those on the political right believed that the German government had given to many concessions to the allied powers, and therefore the Weimar Republic was, to an extent, blamed for Germany's defeat through entering into the agreement. These political currents gave rise to populist slogans, such as the 'November Criminals', and the creation of the 'Stabbed in the Back' myth. Many of these slogans were adopted as propaganda, later used by the Nazi Party and by Adolf Hitler himself. This was only exacerbated by the limitations placed on the German military and the creation of demilitarised zones in the Rhineland, which further weakened the German government's control of its own territory and frontiers.
In terms of societal impacts, Germany's reputation had been harmed greatly by the humiliation of having to accept the 'War-Guilt Clause' (Art. 231, Treaty of Versailles, 1919). This irrevocably harmed Germany's international reputation and meant that many Germans felt resentful at having to accept full responsibility for the war.
Overall, the Treaty of Versailles undoubtedly had a seminal impact on the political, economic and social development of Germany following the aftermath of the First World War. However, the Treaty did not make the rise of Nazism or another war inevitable. Arguably, other factors such as weak governments, the Wall Street Crash (1929), foreign occupations of the Ruhr (1923), and the appeal of propaganda and of political figures such as Adolf Hitler, played a crucial role in the rise of Nazism. Nonetheless, many of these events were in fact underlined by the effects of the Treaty of Versailles, and in particular the widespread resentment felt against these elements did to some extent pave the way for the rise of the Nazi Party.