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Jun 8, 2020 · As the global financial crisis sent the economy plunging into a deep recession, the Fed cut its federal funds target from 5.25 percent in the late summer of 2007 to essentially zero by the end of 2008, where it remained until late 2015.
- The Al-Aqsa Intifada of Early 2000’s
- The Gujarat Earthquake of 2001
- The New York City Attacks on September 11, 2001
- USA’s Invasion of Afghanistan in 2001
- The International Criminal Court Was Established in 2002
- The Invasion of Iraq in 2003
- The 2004’s Earthquake and Tsunami in The Indian Ocean
- The 2006 Guimaras Oil Spill
- The 2007 Assassination of Benazir Bhutto
- The 2007–2008 Financial Crisis
The Al-Aqsa Intifada was a significant Palestinian revolt against Israel which was also known as the Second Intifada and it happened in the early 2000’s . According to speculation, the collapse of the 2000 Camp David Summit, which was supposed to result in a final deal on the Israeli-Palestinian peace process, served as the primary catalyst for the...
The Bhuj earthquake, commonly known as the Gujarat earthquake of 2001, struck at 8:46 IST on January 26, the 52nd Republic Day of India. In Gujarat, India’s Kutch District, Bhachau Taluka, the epicentre of the earthquake was located around 9 km south-southwest of the village of Chobari. At a depth of 17.4 km, the intraplate earthquake had a moment ...
The September 11 attacks, or 9/11, were four coordinated suicide terrorist attacks on the United States on September 11, 2001, carried out by al-Qaeda. Four commercial aircrafts set to fly from the North-eastern United States to California were hijacked by 19 terrorists that morning. The first two aircraft were crashed into the World Trade Centre T...
After the September 11 attacks, US President George W. Bush ordered that the Taliban hand over Osama bin Laden and expel al-Qaeda. This was in addition to the fact that since 1998, the FBI had been looking for Osama bin Laden. As well as rejecting requests to close terrorist bases or extradite other alleged terrorists, the Taliban also refused to e...
An international court with a seat in The Hague, the Netherlands, the International Criminal Court (ICC) was created in 2002. It was the first and only permanent international court with the authority to try people for war crimes, crimes against humanity, genocide, and aggression that is considered to be international crimes. It differs from the In...
The Iraq War’s first step was the 2003 invasion of Iraq, which the United States spearheaded. A joint force of forces from the United States, the United Kingdom, Australia, and Poland entered Iraq during the invasion phase, which lasted slightly over a month and included 26 days of major combat actions. The invasion phase started on March 19, 2003,...
A series of massive tsunami waves up to 30 meters tall were unleashed by an underwater earthquake on December 26, 2004, causing disaster in the Indian Ocean. The catastrophe cost an estimated $508 million and affected 14 nations, including Indonesia, Thailand, and India. It also caused extensive destruction. Many tourists were affected by the tsuna...
The MT Solar 1oil tanker sank off the Philippine beaches of Guimaras and Negros in the Panay Gulf on August 11, 2006, creating what is regarded as the worst oil spill in the nation’s history. The oil tanker MT Solar 1, which was carrying more than two million gallons of bunker fuel, sank during a severe storm at around midnight. The ship sank rough...
Benazir Bhutto was assassinated on December 27, 2007, in Rawalpindi, Pakistan. Benazir Bhutto was the opposition leader at the time and served as Pakistan’s prime minister twice (1988–1990 and 1993–1996). The Pakistan Peoples Party had been running a campaign in advance of the January 2008 elections. After a political protest at Liaqat National Bag...
Cheap credit and loose lending rules, which created a housing bubble, were the root causes of the financial crisis of 2007/2008. The banks were left with trillions of dollars’ worth of worthless investments in subprime mortgages after the bubble burst. Following the Great Recession, many people lost their homes, savings, and jobs. Many markets cras...
Mar 17, 2020 · A slowdown in residential investment began in late 2005, even though the economy would not enter recession until late 2007, said Steve Fazzari, an economist at Washington University in St. Louis.
Jun 14, 2021 · June 14, 2021. One year ago, a committee of economists declared that the pandemic had officially caused the United States to fall into a recession. So is it over yet? It might seem a simple...
Jun 8, 2020 · The longest economic expansion in American history is officially over. The National Bureau of Economic Research declared Monday that the recession began in February.
May 26, 2024 · The table below presents the nation's GDP for each year since 1929, compared to major economic events. The table begins with the stock market crash of 1929 and goes through the subsequent Great Depression. It includes five wars and several serious recessions.
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The COVID-19 recession, also known as the Great Lockdown, was a global economic recession caused by the COVID-19 pandemic. The recession began in most countries in February 2020.
