The correct answers regarding the Treaty of Versailles are:
- The treaty reduced Germany's power in the world.
- The treaty took away all of Germany's overseas colonies.
- The treaty required Germany to pay reparations to the Allied countries.
The statement that "The treaty was considered by historians to be fair for all countries involved in World War I" is generally not considered correct; many historians believe the treaty was punitive towards Germany and contributed to the conditions leading to World War II.