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He and his wife were murdered, which was considered to be the starting point to WWI.
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When Austria and Serbia declared war on each other, other states were brought into it because they had formed alliances. This made the war even larger.
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Austria officially declares war.
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The US declare war on Germany and join the side of the British and the French.
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The Treaty of Versailles destroyed Germany's economy, as everything became hyper-inflated. Germany also lost much of its territory.
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Germany's Great Depression was extremely bad because the entire world's economy was bad due to debt during WWI.
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Britain and France declare war on Germany because they are allied with Poland.
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Hitler commits suicide and Germany surrenders as the Russians reach Berlin.
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Britain was removed as a political power because they went bankrupt after the war.
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The US was the only nation to stay economically intact after the war, and even the Soviet Union did not have a great economy, despite still being an economical power.