In a word, there's a lot of Murphy's Law involved and even more luck.. That's true of the lead in to World War I and, according to Adam Tooze's The Deluge, it's true of the conclusion of the war and, I expect (because I'm not quite halfway through), of the rest of the 1920's up to 1931.
The book covers the eight big powers: UK, US, France, Italy, Germany, Russia, China, Japan from 1916 to 1931. It's well written and has changed my perspective on that period. I hadn't known the chances for an armistice before Nov. 11, 1918, based on internal politics in Germany, Russia, and the UK, but missed because the initiatives from each nation didn't find a positive response at the right time.
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