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This is a great question. I have been pondering the centenary date line as well for several months internally in thoughts and have been curious as to how Great Britain and France will proceed in marking the date as well.
Currently I am re-reading "All Quiet On The Western Front" as it is a story of historical importance for the ages. I am certain based on your own knowledge base of the Great War that you can see that the war to end all wars actually turned out to be the grandfather of all conflicts through the First Persian Gulf War of the 1990s. It sort of had the American Prohibition take on wars if you will, and what I mean by this is that where prohibition was supposed to make the USA an alcohol free society it created instead a bedlum of gangster activity that ended up making people crave their booze even more than before prohibition started. In essence the First World War was significant on many fronts - I have read many accounts of the Battle of the Somme (and other battles) and my heart still breaks over the many stories of the Brave British, Commonwealth, and French Forces where the Lost Generation would enter no mans land and never be seen or heard from again. The young troops of this generation should never be forgotten as their lives were wasted on the battlefields all over France and Belgium and until 1917 on the Eastern Front as well. The United States didn't come away unscathed but we certainly missed the first three years of this dreadful war that even still left a generation of Lost Boys in our country afterwards as well. It is no wonder that isolation took on the ugly hold that it did for such a long period of time afterwards.
I hope that Great Britain, the Commonwealth nations of Canada, New Zealand, Australia, and France will give a commemoration worthy of the sacrifice that was lost during these bloody 4.25 years of war. This at least is my hope.
In the end as I ponder your basic question I will say it was a Triumph that led to Tragedy due mostly to the political and economic environment it left as a vacuum afterwards.