What effect did the assassination of archduke franz ferdinand of austria in 1914 have on the rest of europea. it served as a wake-up call for european leaders and monarchs to enhance security both at home and abroadb. it ignited a fuse of nationalism and set in motion events leading to world war 1c. because the rest of europe to begin negotiations on treaties and trade agreements with grab the tail partd. it was the first of a series of political assassinations throughout europe that eventually led to world war 1