It was signed on 28 June 1919 and consisted of 440 articles setting out the terms of Germany's punishment.

It was a peace treaty.

The rhineland was occupied by the allies. 

Germany could have no more that 100000 troops in the army, they had 6 battleships and no Air Force.

Germany had to give up 10% land to the country's around it.

Germany had to give its colonies up in Africa.

Afterwards, the Dawes and young plan re-scheduled Germany's payments.

- See more at: http://www.historyinanhour.com/2010/01/30/hitler-becomes-chancellor/#sthash.8dBiCuka.dpuf

To pay reporations Germany printed more money which sent prices rising dramatically.

Bankruptcy

All gold spent in war deprived Germany of wealth earning area

Coal

Occupation of the Ruhr

French sent troops into the industrial area of the Ruhr

Money became worthless

People with fixed wages suffered the most as prices went up they couldn't afford them

People savings and pensions were worthless.

People burned money for heat, used it for wallpaper and gave it to their children to play with.

A loaf of bread cost 200,000 billion marks

Many Germans felt that they were not responsible for the war.

Germans hated the treaty of Versailles.

Germans believed that the government had simply agreed to cease fire.

Germans didn't want to take blame.

Critics of the treaty said that the German army had been ready to carry on fighting. Furthermore, they also said that the army had been betrayed by politicians in Berlin. In effect, they had been 'stabbed in the back' (the Dolchstoss).

The treaty had lasting effects in Germany. One of which was that it weakened the popularity of the Weimar Republic. Another lasting effect was that it harmed Germany's economy, it deprived Germany of wealth earning areas, such as coalfields in Silesia.

The politicians that signed the treaty were blamed for its harsh terms, many of the German people tried to change it. But, they were all refused.

The Young Plan was a program for settlement German reparations debts after World War I written in 1929 and formally adopted in 1930 by . It was presented by the committee headed (1929–30) by American Owen D. Young. The reparations, set in January 1921 by an Inter-Allied Reparations Commission at 269 billion gold marks, were deliberately crushed. After the Dawes Plan was put into operation in 1924, it became apparent that Germany could not^{[citation needed]} meet the annual payments, especially over an indefinite period of time.^{[citation needed]} The Young Plan reduced further payments to 112 billion Gold Marks, equivalent to US $8 billion in 1929 (US$ 109 billion in 2013) over a period of 59 years, which would end in 1988.^[1] In addition, the Young Plan divided the annual payment, set at two billion Gold Marks, US $473 million, into two components: one unconditional part, equal to one third of the sum, and a postponable part, equal to the remaining two-thirds, which would incur interest and be financed by a consortium of American investment banks coordinated by the Morgan Guaranty Trust Company.

Locarno Pact, 1925, concluded at a conference held at Locarno, Switzerland, by representatives of Great Britain, France, Germany, Italy, Belgium, Czechoslovakia, and Poland. The request of Gustav Stresemann for a mutual guarantee of the Rhineland met with the approval of Aristide Briand; under the leadership of Briand, Stresemann, and Austen Chamberlain, a series of treaties of mutual guarantee and arbitration were signed. In the major treaty the powers individually and collectively guaranteed the common boundaries of Belgium, France, and Germany as specified in the Treaty of Versailles of 1919. Germany signed treaties with Poland and Czechoslovakia, agreeing to change the eastern borders of Germany by arbitration only. Germany also signed arbitration treaties with France and Belgium, and mutual defense pacts against possible German aggression were concluded between France and Poland and France and Czechoslovakia. As an adjunct, Germany was promised entry into the League of Nations. The "spirit of Locarno" symbolized hopes for an era of international peace and goodwill. In 1936, denouncing the Locarno Pact, Hitler remilitarized the Rhineland.