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Imagine Habsburg Monarchy, but extending to more-or-less entire Germany and without the Austro-Hungarian Compromise (so it is more in the vein of pre-1867 Monarchy).

So basically, what if Habsburgs had managed in their plan of "great Germany" (or however it is called), that is, unification of Germany under Habsburg crown (as opposed to "little Germany" which is what historically happened). Would this butterfly away the world wars?