Abstract:

The article investigates a system of political and economic relations between the capitalist countries, set up by Britain, the U.S and France, after the defeat of Germany and its allies in the First World War of 1914-1918. The article describes what the system meant, the causes and time of its appearance. Much attention is given to the impact of the system on international relations. It is spoken in detail about the reasons for collapse and opinions concerning the Versailles system.

Keywords: the Treaty of Brest-Litovsk., the First World War, Liberalism, the Treaty of Versailles, The Versailles system