The Paris Peace Conference was the formal meeting in 1919 and 1920 of the victorious Allies after the end of World War I to set the peace terms for the defeated Central Powers. Dominated by the leaders of Britain, France, the United States and Italy, it resulted in five controversial treaties that rearranged the map of Europe and parts of Asia, Africa and the Pacific Islands and imposed financial penalties. Germany and the other losing nations had no voice which gave rise to political resentments that lasted for decades.