What was the significance of the Treaty of Lausanne in the Turkish War of Independence?

The Treaty of Lausanne, signed on July 24, 1923, marked the end of the Turkish War of Independence and the recognition of the modern-day Republic of Turkey. The treaty was signed between Turkey and the Allies, including Great Britain, France, Italy, Japan, Greece, Romania, and the Kingdom of Serbs, Croats, and Slovenes.

The Treaty of Lausanne replaced the earlier Treaty of Sèvres, which was signed in 1920 between the Ottoman Empire and the Allies after World War I. The Treaty of Sèvres was never ratified by the Ottoman Empire, and it was replaced by the Treaty of Lausanne after the Turkish War of Independence.

The Treaty of Lausanne recognized the boundaries of the modern-day Republic of Turkey, which were based on the National Pact of 1920. The treaty also recognized the independence of the Republic of Turkey and its sovereignty over the former Ottoman Empire. The treaty addressed many issues related to the transfer of populations and minorities, property rights, and financial obligations.