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2000s
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 11 Attacks
The September 11 attacks, also known as 9/11, were four coordinated Islamist terrorist suicide attacks by al-Qaeda against the United States in 2001. Nineteen terrorists hijacked four commercial airliners, crashing the first two into the Twin Towers of the World Trade Center in New York City and the third into the Pentagon (headquarters of the U.S. Department of Defense) in Arlington County, Virginia. The fourth plane crashed in a rural Pennsylvania field during a passenger revolt. The attacks killed 2,977 people, making it the deadliest terrorist attack in history. In response to the attacks, the United States waged the global war on terror over multiple decades to eliminate hostile groups deemed terrorist organizations, as well as the foreign governments purported to support them. Ringleader Mohamed Atta flew American Airlines Flight 11 into the North Tower of the World Trade Center complex at 8:46 a.m. Seventeen minutes later at 9:03 a.m., United Airlines Flig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2004 Indian Ocean Earthquake And Tsunami
On 26 December 2004, at 07:58:53 local time ( UTC+7), a major earthquake with a magnitude of 9.2–9.3 struck with an epicentre off the west coast of Aceh in northern Sumatra, Indonesia. The undersea megathrust earthquake, known in the scientific community as the Sumatra–Andaman earthquake, was caused by a rupture along the fault between the Burma plate and the Indian plate, and reached a Mercalli intensity of IX in some areas. A massive tsunami with waves up to high, known as the Boxing Day Tsunami after the Boxing Day holiday, or as the Asian Tsunami, devastated communities along the surrounding coasts of the Indian Ocean, killing an estimated 227,898 people in 14 countries, violently in Aceh (Indonesia), and severely in Sri Lanka, Tamil Nadu (India), and Khao Lak (Thailand). The direct result was major disruption to living conditions and commerce in coastal provinces of surrounding countries. It is the deadliest natural disaster of the 21st century, one of the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War In Afghanistan (2001–2021)
The war in Afghanistan was a prolonged armed conflict lasting from 2001 to 2021. It began with United States invasion of Afghanistan, the invasion by a Participants in Operation Enduring Freedom, United States-led coalition under the name Operation Enduring Freedom in response to the September 11 attacks carried out by al-Qaeda. The Taliban and its allies were quickly expelled from major population centers by US-led forces supporting the anti-Taliban Northern Alliance, thus toppling the Taliban-ruled Islamic Emirate of Afghanistan (1996–2001), Islamic Emirate. Three years later the US-sponsored Islamic Republic of Afghanistan, Islamic Republic was established, but by then the Taliban had reorganized under their founder, Mullah Omar, and began Taliban insurgency, a widespread insurgency against the new Afghan government and coalition forces. The conflict finally ended decades later as the 2021 Taliban offensive reestablished the Islamic Emirate. It was the List of the lengths ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iraq War
The Iraq War (), also referred to as the Second Gulf War, was a prolonged conflict in Iraq lasting from 2003 to 2011. It began with 2003 invasion of Iraq, the invasion by a Multi-National Force – Iraq, United States-led coalition, which resulted in the overthrow of the Ba'athist Iraq, Ba'athist government of Saddam Hussein. The conflict persisted Iraqi insurgency (2003–2011), as an insurgency arose against coalition forces and the newly established Iraqi government. US forces Withdrawal of United States troops from Iraq (2007–2011), were officially withdrawn in 2011. In 2014, the US became re-engaged in Iraq, leading a new coalition under Combined Joint Task Force – Operation Inherent Resolve, as the conflict evolved into the ongoing Islamic State insurgency in Iraq (2017–present), Islamic State insurgency. The Iraq invasion was part of the Presidency of George W. Bush, Bush administration's broader war on terror, launched in response to the September 11 attacks. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with Bank run#Systemic banking crises, banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial Economic bubble, bubbles, currency crisis, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (for example, the crisis resulting from the famous tulip mania bubble in the 17th century). Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus and financial crises continue to occur from time to time. It is apparent however that a consistent feature of bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Web 2
Web 2.0 (also known as participative (or participatory) web and social web) refers to websites that emphasize user-generated content, usability, ease of use, participatory culture, and interoperability (i.e., compatibility with other products, systems, and devices) for end users. The term was coined by Darcy DiNucci in 1999 and later popularized by Tim O'Reilly and Dale Dougherty at the first Web 2.0 Summit, Web 2.0 Conference in 2004. Although the term mimics the numbering of software versions, it does not denote a formal change in the nature of the World Wide Web, but merely describes a general change that occurred during this period as interactive websites proliferated and came to overshadow the older, more static websites of the original Web. A Web 2.0 website allows users to interact and collaborate through social media dialogue as creators of user-generated content in a virtual community. This contrasts the first generation of #Web 1.0, Web 1.0-era websites where people ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
