The German agreement to armistice was based on a proposal drafted by Wilson known as the 14 points.
Political changes caused by WW1: Russian revolution, Germany no longer ruled by a kaiser and now a republic, Austria and Hungary are separated and also republics, Turkey had lost its sultanate.
There was a fear of revolution spreading and of demands for self determination. High hopes for ethnic groups (Serbs, Croatioans and Slovenians had created South Slav state)
High expectations of victorious nations caused by nationalist propaganda for the war effort. They demanded security, stability and compensation.
For this reason 32 nations met in Paris in 1919 for the Paris Peace conference.
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