The monument, dedicated by the Combatant Associations to the memory of the Milanese fallen during the Great War, was built to a design by the architect Giovanni Muzio with the collaboration of Alberto Alpago Novello, Tomaso Buzzi, Ottavio Cabiati and Gio Ponti between 1927 and 1930 and was inaugurated on 4 November 1928 with a great ceremony in which the Duke of Aosta, commander of the 3rd Army of the Royal Army during the First World War, read the text of the Victory Bulletin of the 1918.
The plaster sculptural group by Libero Andreotti entitled Return after Victory, which was later not cast in bronze, was located in the churchyard of the Temple.