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The economy and relations affected Europe as well as trade
what is going on in world war II in Europe?
Serbian nationalism had a strong impact on tensions in Europe prior to World War I in a variety of ways. The most dramatic was the negative influence that it had on stability in the Austro-Hungarian Empire; in particular, it led indirectly to the assassination of the Archduke Ferdinand, which was the match-point that ignited the war.
World War I changed the alliance system in Europe and had grave mental, economic, and political consequences for Germany that contributed to Hitler's rise to power.