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===Postwar settlement=== The war had been won by Britain and its allies, but at a terrible human and financial cost, creating a sentiment that wars should never be fought again. The [[League of Nations]] was founded with the idea that nations could resolve their differences peacefully, but these hopes were unfulfilled. The harsh peace settlement imposed on Germany would leave it embittered and seeking revenge. At the [[Paris Peace Conference of 1919]], Lloyd George, American President Woodrow Wilson and French premier Georges Clemenceau made all the major decisions. They formed the [[League of Nations]] as a mechanism to prevent future wars. They sliced up the losers to form new nations in Europe, and divided up the German colonies and Ottoman holdings outside Turkey. They imposed what appeared to be heavy financial reparations (but in the event were of modest size). They humiliated Germany by forcing it to declare its guilt for starting the war, a policy that caused deep resentment in Germany and helped fuel reactions such as Nazism. Britain gained the German colony of [[Tanganyika Territory|Tanganyika]] and part of [[Togoland]] in Africa, while its dominions added other colonies. Britain gained League of Nations mandates over Palestine, which had been partly promised as a homeland for Jewish settlers, and Iraq. Iraq became fully independent in 1932. Egypt, which had been a British protectorate since 1882, became independent in 1922, although the British remained there until 1952.<ref>{{Cite book |last=Sharp |first=Alan |title=The Versailles Settlement: Peacemaking after the First World War, 1919β1923 |date=2008 |publisher=Macmillan Education UK |isbn=9781137611390 |edition=2nd |ol=27841480M |orig-date=1991}}</ref>
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