Significant Events during 2000-2009 by Mai Kimura

2000

2002

2005

2007

2008

2001

2006

2003

2004

2009

Bursting of the Dot.com/Technology Bubble GettyImages-521931432-575248ca5f9b5892e8ee5799

9/11 Terrorist Attacks GettyImages-71551303-5b0479ba04d1cf003aac38ce

Stock Market Crash GettyImages-83060647-5b047cdda9d4f90037cedf5b

War in Iraq begins 1200px-U.S._Marines_with_Iraqi_POWs_-_March_21,_2003

Summer Olympics in Athens, Greece 17f578297e272cb55751b8827539ee57---olympics-summer-olympics

China and India Grow as World Financial Powers GettyImages-547017497-5b047f1531283400374aa7a6

Austrian girl escapes from kidnapper's house after 8 years 1200px-Natascha_Kampusch_-_Buchmesse_Wien_2019

Sub-Prime Housing Crisis and the Housing BubbleGettyImages-111661435-5b0480e38e1b6e00368f2475

The Great Recession GettyImages-1128846-5b04825ba9d4f90037cfca09

Barack Obama became president Official_portrait_of_Barack_Obama

internet was in style and Entrepreneurs saw potential in online business

everyone talked about "new economy" which referred to an Internet-driven economy

most of the dot.com stocks like Yahoo.com were listed on the NASDAQ

NASDAQ closed above 5000 in January and was trading around ten years later

in April, an inflation report caused the speculative bubble to burst and there were huge investment loss

only the third time in history that the New York Stock Exchange was shut down for a period of time (September 10-17)

besides the tragic human loss of that day, the economic loss cannot even be estimated

9/11 were the events that helped shape other financial events of decade

after that on September, economic climate was never be to be the same again

9/11 caused a catastrophic financial loss for the U.S.

after 9/11, the stock market rallied but began to slide again in March

market reached lows and it was not seen since 1997 and 1998 by July and September

the corporate fraud scandals were contributors to the loss of investor confidence in the stock market

known as stock market crash or internet bubble busting

the Dow Jones Industrial Average had lost 27% of the value it held on January 1, 2001

President Bush declared the end of major combat operations on March 1

on August 25, Hurricane Katrina hit the Gulf Coast of the U.S.

economists estimate that both nations can grow at the rate of 7-8% for decades to come

countries (such as United States) initially started outsourcing work to China and India because of cheap labor

the two countries account for one-third of the world 's population

China, alone has grown at about 9.6% for the past two decades

a million scientists and engineers are trained in India and China each year compared to much lower number in the U.S.

the U.S. housing market was booming in the early part of the 21st century

individuals and families could not have qualified for a mortgage were able to qualify for adjustable-rate with not low down payments and low initial interest

a phenomenon called sub-prime lending arose

banks made mortgage loans to these individuals for houses with inflated values

housing values were high

large financial institution holding portfolios of loans that were worthless

In September, a seemingly perfect storm of factors came together to predicate the deepest economic downturn in not only the U.S.

However, it is across the globe, since the Great Depression

the great investment banks had stood on Wall Street began to collapse due to the sub-prime mortgage crisis and serious corporate fraud

crude oil hits a peak of $140 per barrel on June 26

Barack Obama wins the presidential election on November 4

the federal government takes over Fannie Mae and Freddie Mc on September 7

the federal stepped in to bail out some of institutions in order to keep the U.S. financial system afloat during the Bush Administration

on August 23, Natascha Kampusch was kidnapped at age 10

the kidnapper was Wolfgang Priklopil, which he committed suiside by jumping in front of a train

when she Kampusch was 18, she was vacuuming Priklopil's car when he walked away from noise to answer on his cellphone

Kampusch initially made statements indicating she felt sorry for her captor

Kampusch became an international celebrity

she escaped and ran to the house of neighbor, who called the police

Summer Olympics took place in Athens on August 13-39

retuned home to Greece, birthplace of the ancient Games and site of the in augural modern Olympics

the Athen Games were the 25th occurrence of the modern Olympic Game

more than 20 athletes were disqualified after they failed tests for performance-enhancing-drug use, and controversies over scoring in gymnastics and fencing made headlines

IOC president Jacques Rogge declared the Athens Olympics "unforgettable, dream Games

nearly 11,100 athletes competed in 37 disciplines in 28 sports

women participated in freestyle wrestling and sabre fencing for the first time

though Saddam Hussein had declared in early March that, "it is without doubt that the faithful will be victorious against aggression" spoke to his people

President Bush and his advisors built much of their case for war on the idea that under Iraq, under dictator Saddam Hussein

on March, the United States and United Kingdom initiates war on Iraq

despite the defeat of conventional military forces in Iraq, an insurgency continued an intense guerrilla war in the nation in the years since military victory was announced

possessed in the process of building weapons of mass destruction

resulted thousands of coalition military, insurgent and civilian deaths

Obama's inauguration set an attendance record, with 1.8 million people gathering in the cold to witness it

Obama's first acts in office was the signing of The Lilly Ledbetter Fair Pay Act of 2009

became 44th U.S. President and the first African American to hold the office

his word captured the historic moment: "if there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time , who still questions the power of our democracy, tonight is you answer"

he was recognized with a 2009 Nobel Peace Prize "for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples" and for his "vision of and work for a world without nuclear weapons"