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2010s (decade)
File:2010s collage v22.png, From top left, clockwise: Anti-government protests called the Arab Spring arose in 2010–2011, and as a result, many governments were overthrown, including when Libyan dictator Muammar Gaddafi was killed; Crimea is annexed by Russia in 2014; ISIS/ISIL perpetrates terrorist attacks and captures territory in Syria and Iraq; climate change awareness and the Paris Agreement; the Event Horizon Telescope captures the first image of a black hole in 2019; ''Obergefell v. Hodges'' legalizes same-sex marriage in the United States in 2015, marking continuing progress for LGBTQ rights in developed countries; increasing use of digital media and rise of mobile devices; the UK votes to leave the EU in 2016 on a rising tide of populism throughout the decade., 335x335px, thumb rect 0 200 400 400 Arab Spring rect 400 0 800 400 Russian Annexation of Crimea rect 800 0 1200 400 War against the Islamic State rect 0 400 600 800 Brexit rect 600 400 1200 800 Paris Agree ...
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1910s
File:1910s montage.png, From left, clockwise: The Ford Model T is introduced and becomes widespread; The Sinking of the RMS Titanic, sinking of the RMS ''Titanic'' causes the deaths of nearly 1,500 people and attracts global and historical attention; CONTEXT: All the events below are part of World War I (1914–1918); French Army lookout at his observation post in 1917; Russian troops awaiting a German attack; A ration party of the Royal Irish Rifles in a communication trench during the Battle of the Somme; Vladimir Lenin addresses a crowd in the midst of the Russian Revolution, beginning in 1917; The Spanish flu, Spanish flu pandemic in 1918 kills tens of millions worldwide., 335px, thumb rect 1 1 199 155 Ford Model T rect 203 1 497 187 Sinking of the Titanic, Sinking of the ''Titanic'' rect 201 188 497 207 World War I rect 1 159 199 297 Spanish flu rect 203 208 341 365 Western Front (World War 1) rect 346 207 497 367 Eastern Front (World War I) rect 1 302 197 488 Russian Revolutio ...
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Post-PC Era
The post-PC era was a market trend observed during the late 2000s and early 2010s involving a decline in the sales of personal computers (PCs) in favor of post-PC devices; which include mobile devices such as smartphones and tablet computers as well as other mobile computers such as wearable and ubiquitous ones. These devices emphasize portability and connectivity, including the use of cloud-based services, more focused " apps" to perform tasks, and the ability to synchronize information between multiple devices seamlessly. The term was first coined by MIT scientist David D. Clark. While both Microsoft's and Apple's former CEOs Bill Gates and Steve Jobs also predicted a shift towards mobile devices as the primary method of computing, as a complement to the PC, Jobs popularized the term "post-PC" in 2007 (the launch of the first iPhone), and in 2011 launched iCloud, a service enabling Apple's product line to synchronize data with PCs through cloud services, freeing their iOS d ...
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Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications (including Internet connectivity and broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions" and maintain the surrounding environment. Especially in light of the massive societal transformations needed to mitigate and adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and green infrastructure. Acknowledging this importance, the international co ...
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Consumer Spending
Consumer spending is the total money spent on final goods and services by individuals and households. There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which is not). Macroeconomic factors Taxes Taxes are a tool in the adjustment of the economy. Tax policies designed by governments affect consumer groups, net consumer spending and consumer confidence. Economists expect tax manipulation to increase or decrease consumer spending, though the precise impact of specific manipulations are often the subject of controversy. Underlying tax manipulation as a stimulant or suppression of consumer spending is an equation for gross domestic product (GDP). The equation is GDP = C + I + G + NX, where C is private consumption, I is private investment, G is government and NX is the net of exports minus imports. Increases in government spending create demand and economic expansion. However, government spendin ...
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Gross World Product
The gross world product (GWP), also known as gross world income (GWI), is the combined gross national income (previously, the "gross national product") of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP).See measures of national income and output for more details. According to the World Bank, the 2013 nominal GWP was approximately 75.59 trillion United States dollar The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...s. In 2017, according to the CIA's '' World Factbook'', the GWP was around $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP). The per capi ...
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Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited, or borrowed. The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualized. The interest rate has been characterized as "an index of the preference . . . for a dollar of present ncomeover a dollar of future income". The borrower wants, or needs, to have money sooner, and is willing to pay a fee—the interest rate—for that privilege. Influencing factors Interest rates vary according to: * the government's directives to the central bank to accomplish the government's goals * the currency of the principal sum lent or borrowed * the term to m ...
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Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ...
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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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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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IPhone
The iPhone is a line of smartphones developed and marketed by Apple that run iOS, the company's own mobile operating system. The first-generation iPhone was announced by then–Apple CEO and co-founder Steve Jobs on January 9, 2007, at Macworld 2007, and launched later that year. Since then, Apple has annually released new iPhone models and iOS versions; the most recent models being the iPhone 16 and 16 Plus, alongside the higher-end iPhone 16 Pro and 16 Pro Max, and the lower-end iPhone 16e (which replaces the iPhone SE). As of January 1, 2024, more than 2.3 billion iPhones have been sold, making Apple the largest vendor of mobile phones in 2023. The original iPhone was the first mobile phone to use multi-touch technology. Throughout its history, the iPhone has gained larger, higher-resolution displays, video-recording functionality, waterproofing, and many accessibility features. Up to the iPhone 8 and 8 Plus, iPhones had a single button on the front pane ...
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War Against The Islamic State
Many states began to intervene against the Islamic State, in both the Syrian civil war and the War in Iraq (2013–2017), in response to its rapid territorial gains from its Northern Iraq offensive (June 2014), 2014 Northern Iraq offensives, universally condemned Killing of captives by ISIL, executions, Islamic State#Human rights abuse and war crime findings, human rights abuses and the fear of further spillovers of the Syrian civil war. In later years, there were also minor interventions by some states against IS-affiliated groups in Nigeria and Libya. All these efforts significantly degraded the Islamic State's capabilities by around 2019–2020. While moderate fighting continues in Syria, as of , IS has been contained to a small area and force capability. In mid-June 2014, Iran, according to American and British information, started flying drones over Iraq, and, according to Reuters, Iranian soldiers were in Iraq fighting IS. Simultaneously, the United States ordered a small ...
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Populism
Populism is a essentially contested concept, contested concept used to refer to a variety of political stances that emphasize the idea of the "common people" and often position this group in opposition to a perceived elite. It is frequently associated with anti-establishment and anti-political sentiment. The term developed in the late 19th century and has been applied to various politicians, parties, and movements since that time, often assuming a pejorative tone. Within political science and other social sciences, several different definitions of populism have been employed, with some scholars proposing that the term be rejected altogether. Etymology and terminology The term "populism" has long been subject to mistranslation and used to describe a broad and often contradictory array of movements and beliefs. Its usage has spanned continents and contexts, leading many scholars to characterize it as a vague or overstretched concept, widely invoked in political discourse, yet i ...
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