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.
War of the Bavarian Succession
Charles VII spent most of his three-year reign as emperor residing in Frankfurt while Maria Theresa battled Prussia for her patrimony in Bohemia and Hungary. Frederick could not secure Bohemia for Charles, but he did manage to push the Austrians out of Bavaria. For the last three months of his short reign, the gout-ridden Charles lived in Munich, where he died in January 1745. His son, Maximilian III Joseph (known as Max Joseph) inherited his father's electoral dignities but not his imperial ambition. With the Peace of Füssen (22 April 1745), Max Joseph promised to vote for Francis of Lorraine, Maria Theresa's husband, in the pending imperial election. He also acknowledged the Pragmatic Sanction. In return, he obtained the restitution of his family's electoral position and territories. For his subjects, his negotiations ended five years of warfare and brought a generation of peace and relative prosperity that began with his father's death in 1745 and ended with his own in 1777.