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The treaty imposes heavy reparations payments on Germany
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The worlds first international security organization goes into operation. The United States do not join and Germany and Soviet Russia are not admitted.
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Mussolini becomes Prime Minister of Italy after the black shirts marched into Rome. He is not effectively in control until several years later.
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An era of good feeling in European international relations witnesses major agreements that ease reparations. Germany is admitted to the League of Legends
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Stalin defeats the last of his major rivals for power in this period. Stalin slowly brings forced industrialization, brutal police and rigid control over the country.