In this treaty settled the dismemberment of the antique Habsburg monarchy, Austria-Hungarian Empire, and Austria was limited to some areas in which they spoke only German.
By this treaty the independence of Hungary and the creation of new states of Czechoslovakia (in Bohemia, Moravia and Silesia) and Yugoslavia (Slovenia, Bosnia-Herzegovina, Croatia, Vojvodina and parts of Dalmatia.) were recognized. It also established the assignment of the Trentino, South Tyrol, Trieste, Istria, some Dalmatian islands and Friuli to Italy, Galicia to Poland. Hungary would giveTransylvania, part of Banat and part of Bukovina to Romania, which settled in the Treaty of Trianon, and the Burgenland to Austria.
The treaty included 'war reparations' of large sums of money, directed towards the Allies, to pay for the costs of the war over a period of 30 years.