Cause chills and fever (the pyrogenic response) due to the stimulation of production of interleukin-1 by macrophages. This causes the hypothalamus (which controls body temperature) to reset the body's thermostat.
Can cause shock (loss of blood pressure), in this case called septic or endotoxic shock, due to systemic inflammation that involves blood vessel dilation. This leads to a drop in blood pressure and can be fatal.
Effective antibodies are usually not made against endotoxins. They have a certain half life, and will produce minor to major effects (but all generally of the same type).
Process of fever: