On 11th November 1918, the armistice that ended the fighting on the Western Front came into force, although the conflict continued elsewhere. The human and economic costs of the Great War were colossal. An estimated 9.5 million soldiers and 12 million civilians died, while a further 21 million military were wounded. The total financial cost is difficult to assess meaningfully, but it ran into many billions.
The Treaty of Versailles was signed on this day (28th June) in 1919. It is famous – or perhaps infamous – for establishing peace terms between Germany and the Allied powers and has often been held directly responsible for the events leading to World War II 20 years later.