2000s (decade)
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2000s (decade)
File:2000s decade montage3.png, From top left, clockwise: The Twin Towers of the original World Trade Center (1973–2001), World Trade Center on fire and the Statue of Liberty on the left during the September 11 attacks, terrorist attacks on September 11, 2001; the euro enters into European currency in 2002; a statue of Saddam Hussein being toppled during the Iraq War in 2003, and in 2006, Hussein would be Execution of Saddam Hussein, executed for crimes against humanity; U.S. troops heading toward an army helicopter in War in Afghanistan (2001–2021), Afghanistan during the war on terror; social media platforms on the internet Web 2.0, become widely popular; a Chinese soldier gazes at the 2008 Summer Olympics commencing in Beijing; the 2008 financial crisis, the largest financial crisis since the Great Depression; 2004 Indian Ocean earthquake and tsunami, a tsunami from the Indian Ocean earthquake kills over 230,000 in 2004, and becomes the strongest earthquake since the 1964 Al ...
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World Trade Center (1973–2001)
The original World Trade Center (WTC) was a complex of seven buildings in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. Built primarily between 1966 and 1975, it was dedicated on April 4, 1973, and was collapse of the World Trade Center, destroyed during the September 11 attacks in 2001. At the time of their completion, the 110-story-tall Twin Towers, including the original 1 World Trade Center (1970–2001), 1 World Trade Center (the North Tower) at , and 2 World Trade Center (1971–2001), 2 World Trade Center (the South Tower) at , were the History of the world's tallest buildings#Skyscrapers: tallest buildings since 1908, tallest buildings in the world; they were also the List of tallest twin buildings and structures, tallest twin skyscrapers in the world until 1996, when the Petronas Towers opened in Kuala Lumpur, Malaysia. Other buildings in the complex included the Marriott World Trade Center (3 WTC), 4 World Trade Center (197 ...
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1964 Alaska Earthquake
The 1964 Alaska earthquake, also known as the Great Alaska earthquake and Good Friday earthquake, occurred at 5:36 PM Alaska Standard Time, AKST on Good Friday, March 27, 1964.M 9.2 - The 1964 Prince William Sound, Alaska Earthquake: Overview
USGS Earthquake Hazards Program.
Across south-central Alaska, ground fissures, collapsing structures, and tsunamis resulting from the earthquake caused about 139 deaths. Lasting four minutes and thirty-eight seconds, the magnitude 9.2–9.3 megathrust earthquake remains the most powerful earthquake ever recorded in North America, and the Largest earthquakes by magnitude#Largest earthquakes by magnitude, second most powerful earthquake ever recorded i ...
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Globalization
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialisation''). It developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the Post–Cold War era, post–Cold War world. The origins of globalization can be traced back to the 18th and 19th centuries, driven by advances in transportation and communication technologies. These developments increased global interactions, fostering the growth of international trade and the exc ...
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Internet
The Internet (or internet) is the Global network, global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a internetworking, network of networks that consists of Private network, private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, Wireless network, wireless, and optical networking technologies. The Internet carries a vast range of information resources and services, such as the interlinked hypertext documents and Web application, applications of the World Wide Web (WWW), email, electronic mail, internet telephony, streaming media and file sharing. The origins of the Internet date back to research that enabled the time-sharing of computer resources, the development of packet switching in the 1960s and the design of computer networks for data communication. The set of rules (communication protocols) to enable i ...
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Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions”
United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009.
The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ...
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Subprime Mortgage Crisis
The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010, contributing to the 2008 financial crisis. It led to a severe economic recession, with millions becoming unemployed and many businesses going bankrupt. The U.S. government intervened with a series of measures to stabilize the financial system, including the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act (ARRA). The collapse of the United States housing bubble and high interest rates led to unprecedented numbers of borrowers missing mortgage repayments and becoming delinquent. This ultimately led to mass foreclosures and the devaluation of housing-related securities. The housing bubble preceding the crisis was financed with mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than government securities, along with attractive risk ratin ...
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Food Prices
Food prices refer to the average price level for food across countries, regions and on a global scale. Food prices affect producers and consumers of food. Price levels depend on the food production process, including food marketing and food distribution. Fluctuation in food prices is determined by a number of compounding factors. Geopolitical events, global demand, exchange rates, government policy, diseases and crop yield, energy costs, availability of natural resources for agriculture, food speculation, changes in the use of soil and weather events directly affect food prices. To a certain extent, adverse price trends can be counteracted by food politics. The consequences of food price fluctuation are multiple. Increases in food prices, or agflation, endangers food security, particularly for developing countries, and can cause social unrest. Increases in food prices is related to disparities in diet quality and health, particularly among vulnerable populations, such as wo ...
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Protectionist
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors and raise government revenue. Opponents argue that protectionist policies reduce trade, and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries against which the protections are implemented. Protectionism has been advocated mainly by parties that hold economic nationalist positions, while economically liberal political parties generally support free trade. There is a consensus among economists that protectionism has a n ...
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Economy Of China
The People's Republic of China is a Developing country, developing Mixed economy, mixed socialist market economy, incorporating Industrial policy, industrial policies and strategic Five-year plans of China, five-year plans. —Xu, Chenggang. "The Fundamental Institutions of China's Reforms and Development." Journal of Economic Literature, vol. 49, no. 4, American Economic Association, 2011, pp. 1076–151, . —Nee, Victor, and Sonja Opper. "Political Capital in a Market Economy." Social Forces, vol. 88, no. 5, Oxford University Press, 2010, pp. 2105–32, . —Shue Tuck Wong & Sun Sheng Han (1998) Whither China's Market Economy? The Case of Lijin Zhen, Geographical Review, 88:1, 29–46, —Gregory C. Chow (2005) The Role of Planning in China's Market Economy, Journal of Chinese Economic and Business Studies, 3:3, 193–203, —HUA, HUANG. "The Market Economy in China." Security Dialogue, vol. 24, no. 2, SAGE Publications, Ltd., 1993, pp. 175–79, . —Chow, Gregory C. "Devel ...
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Economy Of India
The economy of India is a Developing country, developing mixed economy with a notable public sector in strategic sectors. * * * * It is the world's fourth-largest economy by gross domestic product, nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked List of countries by GDP (nominal) per capita, 136th by GDP (nominal) and List of countries by GDP per capita (PPP), 119th by GDP (PPP). From Independence of India, independence in 1947 until 1991, successive governments followed the Economy of the Soviet Union, Soviet model and promoted Protectionism, protectionist economic policies, with extensive Sovietization, state intervention, demand-side economics, natural resources, bureaucrat-driven enterprises and economic regulation. This is characterised as dirigism, in the form of the Licence Raj. The end of the Cold War and an acute 1991 Indian economic crisis, balance of payments crisis in 1991 led to the adoption of a broa ...
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Hurricane Katrina
Hurricane Katrina was a powerful, devastating and historic tropical cyclone that caused 1,392 fatalities and damages estimated at $125 billion in late August 2005, particularly in the city of New Orleans and its surrounding area. It is tied with Hurricane Harvey as being the List of the costliest tropical cyclones, costliest tropical cyclone in the Atlantic basin. Katrina was the twelfth tropical cyclone, the fifth hurricane, and the third major hurricane of the 2005 Atlantic hurricane season. It was also the fourth-most intense Atlantic hurricane to make landfall in the contiguous United States, gauged by barometric pressure. Katrina formed on August 23, 2005, with the merger of a tropical wave and the remnants of a tropical depression. After briefly weakening to a Tropical cyclone, tropical storm over south Florida, Katrina entered the Gulf of Mexico on August 26 and Rapid intensification, rapidly intensified to a Saffir–Simpson scale, Category 5 hurricane befo ...
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Decade
A decade (from , , ) is a period of 10 years. Decades may describe any 10-year period, such as those of a person's life, or refer to specific groupings of calendar years. Usage Any period of ten years is a "decade". For example, the statement that "during his last decade, Mozart explored chromatic harmony to a degree rare at the time" refers to the last 10 years of Wolfgang Amadeus Mozart's life without regard to which calendar years are encompassed. Also, 'the first decade' of a person's life begins on the day of their birth and ends at the end of their 10th year of life when they have their 10th birthday; the second decade of life starts with their 11th year of life (during which one is typically still referred to as being "10") and ends at the end of their 20th year of life, on their 20th birthday; similarly, the third decade of life, when one is in one's twenties or 20s, starts with the 21st year of life, and so on, with subsequent decades of life similarly described by ref ...
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