The important peace treaties drafted were: Treaty of Versailles: The Treaty of Versailles was signed between the Allied Powers and Germany on June 28, 1919. The peace treaty concluded the six month long negotiations at the Paris Peace Conference.he harsh terms of the treaty were largely responsible for the economic crisis in Germany that led to the rise of Adolf Hitler and the Nazi party. The terms were disregarded by Hitler, and Germany undertook rearmament in the 1930s leading to the outbreak of World War II. This is not peace.