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[[File:LLoyd's_News_Placard_announcing_Versailles_signing.jpg|thumbnail|300px|left|Lloyd's News reporting the signing of the Treaty of Versailles on June 28, 1919.]]__NOTOC__

The guns fell silent on the eleventh hour of the eleventh day of the eleventh month of 1918. Over four years of incredible destruction came to a silent end. For the belligerent Central and Allied Powers, the armistice brought uncertainty. The Kaiser had just been overthrown, and a new alliance of Liberals and Socialists announced a democratic regime at Weimar, Germany. The other Central Powers had collapsed in disarray and revolution. Russia, out of the war in early 1918, was in the midst of a deepening Civil War. Many of the Allies were exhausted and drained.