The Armistice was a document signed on November 11, 1918 at 11am. It is currently referred to as the agreement that ended World War I. It was signed between the Allied forces and Germany. It is also known as the "Armistice of Compiègne".
Although the armistice agreement was only a ceasefire, it signified the end of World War I. It was celebrated by many on all sides, but Germany felt the worst of it, as many citizens felt cheated because German propaganda during the war told them that the Germans were winning. Because of this, people were buying war bonds (loans) with the promise that when they win the war, they will be payed back a larger sum of money. This obviously proved not to be the case.