What's the summary of ARTICLE 118 of treaty of Versailles?

Explanation:

In territory outside her European frontiers as fixed by the present Treaty, Germany renounces all rights, titles and privileges whatever in or over territory which belonged to her or to her allies, and all rights, titles and privileges whatever their origin which she held as against the Allied and Associated Powers.

The main reason why the Articles of Conderation were too weak too weak was because they didn't give the federal government any power to tax the states, meaning that the US couldn't pay back its war debts. Another was that it made it very difficult to put down rebellions.