The assassination of Archduke Franz Ferdinand of Austria. Alliances between major powers created a domino effect. Militarism and the arms race increased tensions. Nationalism and ethnic tensions within Europe. Imperial competition and colonial disputes.
It can lead to higher prices for goods and services. Alliances between major powers created a domino effect. The assassination of Archduke Franz Ferdinand of Austria. It can cause uncertainty and reduce investment. Savings may lose value over time.