The Victory Medal, also known as the Inter-Allied Victory Medal, was instituted to celebrate the Allied victory in the Great War, in accordance with a decision of the Inter-Allied Peace Conference which preceded the Treaty of Versailles.
The same ribbon and variations of the basic medal design were adopted by Belgium, Brazil, Cuba, Czechoslovakia, France, Greece, Italy, Japan, Poland, Portugal, Romania, Siam, South Africa, the United Kingdom and her colonies and dominions and the United States of America.