ABSTRACT
The treaty of Versailles marked a new stage in the struggle of European nations for world power. The treaty of Versailles divided Germany's overseas possessions among the British, French, and Japanese, canceled the concessions and leases, and took away the property of Germans in the former territories of the Ottoman Empire, Egypt, Siam, China, and the parts of the world under the domination of the victorious colonial powers. Germany renounced her participation in international commissions, and her privileges of extraterritoriality in countries where the European powers and the United States enjoyed a special regime for residents and traders. According to the treaty of Versailles, a belligerent country has the right to confiscate property of any nature belonging to subjects of an enemy country, and to compel the government of the defeated country to agree to indemnify its own nationals for property confiscated.
