Austro-Italian ironclad arms race
Seizing upon the decline of the Regia Marina in the years immediately after the Battle of Lissa, Tegetthoff worked to continue the efforts of Archduke Ferdinand Max of expanding the ironclad fleet of the now Austro-Hungarian Navy. Tegetthoff found political allies in the Austro-Hungarian Minister of War Carl von Franck and retired Admiral Bernhard von Wüllerstorf-Urbair. Wüllerstorf's and Franck's primary arguments in favor of continuing with the ironclad program Austria had engaged in prior to the Seven Weeks War lay largely along economic grounds. The two believed that constructing new ironclad warships would rejuvenate Austria-Hungary's economy following the defeat at the hands of Prussia and Italy, and that such a fleet would help to open up new commercial opportunities in the Levant and the Middle East. These proposals would be shelved however while Austria continued to reel from the military defeats inflicted by Prussia, and several cabinet reshufflings by Emperor Franz Joseph I resulted in a government more interested in pursuing revenge against Prussia than constructing new ironclads, which would be of little use in a hypothetical second war with Prussia.
Henry VII, Holy Roman Emperor
Henry VII (German: "Heinrich"; c. 1275 – 24 August 1313) was the King of Germany (or "Rex Romanorum") from 1308 and Holy Roman Emperor from 1312. He was the first emperor of the House of Luxembourg. 
During his brief career he reinvigorated the imperial cause in Italy, which was racked with the partisan struggles between the divided Guelf and Ghibelline factions, and inspired the praise of Dino Compagni and Dante Alighieri. He was the first emperor since the death of Frederick II in 1250, ending the great interregnum of the Holy Roman Empire; however, his premature death threatened to undo his life's work. His son, John of Bohemia, failed to be elected as his successor, and there was briefly another anti-king, Frederick the Fair contesting the rule of Louis IV.