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To get an overview of the overall fairness of the Treaty Of Versailles it can be compared to the various other Treaties set at the time. The Treaty of Trianon involved Hungary losing 66% of its territory, which included industrial land, which resulted in loss of economy. The army was limited which made them vulnerable, they were not allowed in the League of Nations and they lost their borders to Czechoslovakia.
The Treaty of Neuilly meant Bulgaria had to pay reparations, had a limited army. Lost Macedonia to Greece and they lost land and their coastline, which was the entrance into the Mediterranean.
The St.Germain Treaty meant Austria lost land to Poland, where not allowed in World politics, loss of industrial land to Czechoslovakia and reparations which later led to bankruptcy.
The Treaty Of Serves meant Turkey lost Arabia (as it became independent), had there army restricted and saw them lose a lot of there Eastern empire.
Taken in the context of punitive treaties imposed by European military victors in the recent past, Versailles was unremarkable.
For comparative purposes, look at earlier measures exacted by Germany against two vanquished states:
--The Treaty of Frankfurt (May 1871) which ended the Franco-Prussian War awarded Germany an indemnity (reparations) of five billion French francs and the better part of two French provinces, Alsace and Lorraine...