Summarize the Forces Set in Motion by the Assassination of the Archduke

question 28

Essay

Summarize the forces set in motion by the assassination of the Archduke Ferdinand in 1914.When and why did the war begin?

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Definitions:

Risk Reduction

Strategies or actions taken to decrease or mitigate the level of risk.

Expected Value

A statistical measure that calculates the average outcome of a random variable or process, factoring in all possible values and their probabilities.

Efficient Allocation

The distribution of resources in such a manner that it's impossible to improve anyone's condition without worsening someone else's.

Risk Diversified

The strategy of spreading investments across various assets to reduce exposure to risk in any single area.