Ferdinand I Of Austria Quotes

In 1914, Franz Ferdinand, the Austrian imperial heir, was shot and killed by a Serbian nationalist in Sarajevo. Do you know the motive behind the act? It was in retaliation for the subjugation of the Sebs in Austria. It was not.Franz Ferdinand had stated his intention to introduce reforms favorable to the Serbs in his empire. Had he survived to ascend the throne, he would have made a revolution unnecessary. In plain terms, he was killed because he was going to give the rebels what they were shouting for. They needed a despot in the palace in order to seize it. What's good for reform is bad for the reformers

On 28 June 1914 the heir to the throne, Archduke Franz Ferdinand, was assassinated in Sarajevo, capital of Bosnia, a heartland of the South Slavs. Philosophers refer to ‘the inevitable accident’, and this was a very accidental one. Some young Serb terrorists had planned to murder him as he paid a state visit. They had bungled the job, throwing a bomb that missed, and one of them had repaired to a café in a side street to sort himself out. The Archduke drove to the headquarters of the governor-general, Potiorek (where he was met by little girls performing folklore), and berated him (the two men were old enemies, as the Archduke had prevented the neurasthenic Potiorek from succeeding an elderly admirer as Chief of the General Staff). The Archduke went off in a rage, to visit in hospital an officer wounded by the earlier bomb. His automobile moved off again, a Count Harrach standing on the running board. Its driver turned left after crossing a bridge over Sarajevo’s river. It was the wrong street, and the driver was told to stop and reverse. In reverse gear such automobiles sometimes stalled, and this one did so - Count Harrach on the wrong side, away from the café where one of the assassination team was calming his nerves. Now, slowly, his target drove up and stopped. The murderer, Gavrilo Princip, fired. He was seventeen, a romantic schooled in nationalism and terrorism, and part of a team that stretches from the Russian Nihilists of the middle of the nineteenth century, exemplified especially in Dostoyevsky’s prophetic The Possessed and Joseph Conrad’s Under Western Eyes. Austria did not execute adolescents and Princip was young enough to survive. He was imprisoned and died in April 1918. Before he died, a prison psychiatrist asked him if he had any regrets that his deed had caused a world war and the death of millions. He answered: if I had not done it, the Germans would have found another excuse.

The assassination of Tsar Alexander II of Russia in March 1881 marked the beginning of an era of political assassinations that included the murders, in quick succession, of President Sadi Carnot of France in 1894; Spanish prime minister Canovas del Castillo in 1897; Empress Elizabeth of Austria and Queen of Hungary in 1898; King Humbert I of Italy in 1900; President William McKinley in 1901; and King Carlos I of Portugal and his heir apparent in 1908. And then, on June 28, 1914, at Sarajevo in Bosnia-Herzegovina, Serbian nationalists threw a bomb into the carriage of Archduke Franz Ferdinand, nephew and heir of Austria-Hungary’s Emperor Franz Joseph II, killing him and his young wife, Sophia.11 The scene was set for a world war.

The scene lends itself to a dramatic portrayal. Here was Charles, heir of a long line of Catholic sovereigns--of Maximilian the romantic, of Ferdinand the Catholic, of Isabella the orthodox--scion of the house of Hapsburg, lord of Austria, Burgundy, the Low Countries, Spain, and Naples, Holy Roman Emperor, ruling over a vaster domain than any save Charlemagne, symbol of the medieval unities, incarnation of a glorious if vanishing heritage; and here before him stood a simple monk, a miner's son, with nothing to sustain him save his own faith in the Word of God. Here the past and the future were met. Some would see at this point the beginning of modern times. The contrast is real enough. Luther himself was sensible of it in a measure. He was well aware that he had not been reared as the son of Pharaoh's daughter, but what overpowered him was not as much that he stood in the presence of the emperor as this, that he and the emperor alike were called upon to answer before Almighty God.

When emerging markets cannot pay foreign debts, options vanish. Unavoidable defaults shut off access to global capital markets. Without access to capital, economies contract. Local currency becomes worthless. Printing more money invites inflation and hyperinflation. Poverty proliferates. Governments that cannot provide for their populations do not last long. Chaos opens the door to empty promises by authoritarians armed with populist slogans and freelance militias. Advanced economies are not invulnerable, as history has shown repeatedly. It’s worth noting that in 1899 cautious investors sought safety in one-hundred-year bonds issued by the Habsburg Empire that ruled Austria-Hungary. When the anarchist Gavrilo Princip assassinated Austria’s archduke Ferdinand in June 1914, an act that ignited World War I, sovereign Habsburg bonds were still holding their value relative to other European bonds. In other words, no experts saw the end coming. Within four years, the Habsburg Empire was history. Two decades later, the postwar debt and reparations bills that nearly smothered Germany helped usher in World War II.