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What happened to the Austrian Empire after the First World War?

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Hint: from the very beginning of World War I, the Austro-Hungarian army was facing its greatest challenge. In March 1914, the Austrian parliament had been suspended. The proposal of the Austro-Hungarian government was also rejected by the United States. Czechoslovakia and Yugoslavia were formed.

Complete answer: From the year 1273 to 1918, Austria was predominantly ruled by the House of Habsburg and the House of Habsburg-Lorraine. But in the year 1808, Austria became the whole separated Austrian Empire, a Central European multinational great power, when Emperor Francis II dissolved the Holy Roman Empire. Also, Austria became a part of the German Confederation, but up to the year 1866 of the Austro-Prussian War. In the following year, 1867, Austria formed a dual monarchy with Hungary, namely the Austro-Hungarian Empire.
In 1914, from the very beginning of World War I, the Austro-Hungarian army was facing its greatest challenge so far in history. They experienced underdeveloped veteran armed forces, military expenditures, and technical equipment, in comparison to the other Western European armies. The Habsburg monarchy had been underlined from then, when already the loss of the Austrian Parliament was prevalent (in March 1914, Austrian parliament, or Reichsrat had been suspended). At the end of the war, in 1918, the Austro-Hungarian government circulated a note to the other powers for a conference to hold on the neutral territory in order to spread the general peace. But the proposal was rejected by the United States. After the collapse of Bulgaria, the entire Austro-Hungarian Empire collapsed. On 18th June 1919, the Treaty of Versailles was signed and the War came to the end. This was one of the most important among other peace treaties. Austro-Hungarian Empire was already on the losing side of the war. So, at this treaty, the Austro-Hungarian Empire was dissolved and resulted in the formation of new national boundaries and countries. Two new nations were formed, named Czechoslovakia and Yugoslavia. Some parts of Austria and Hungary became part of these new countries, separately.

Note: At the end of the War, in the year 1918, Austria was drastically reduced mainly to the German-speaking areas. The new name of the empire became The Republic of German-Austria. Also, at the Treaty of Versailles, the First Austrian Republic (1919-1933) was formed.