Dot-Com Bubble Burst The dot-com bubble refers to the speculative bubble that took place in Information Technology and communication type industries during the late 1990s, until it’s collapse in 2000/2001. Western nations saw an increase in their total value, and a very rapid growth of GDP resulting from technology companies
The Great Depression The most well-known, and likely the most studied economic contraction in history; started by the stock market crash on the infamous Black Tuesday, on October 29th, 1929, in the United States, the effects of this recession are vast and international. International trade of all sorts fell to
The Long Depression The Long Depression was a good example of a serious economic recession where the contraction in economic variables was felt internationally. Many economic historians have strong feelings about the Long Depression, often claiming that it was not a depression at all, due to the strict formal definition
Depression of 1807 In 1807, the United States Congress passed an act known as the Embargo Act, in what was a lead-up to the infamous War of 1812, in an attempt to punish Britain for its attack on a United States frigate off the coast of Virginia, killing three Americans.
The Panic of 1837 In June of 1836, the United States Congress passed an act, known as the Distribution Act, which would require the federal government to distribute treasury reserves in gold and silver to the states on January 1st of the following year. Shortly after, then-President Andrew Jackson, passed
In the first weeks of Harper’s majority government the Conservative Party of Canada has started to push for it’s tough on crime legislation. The new omnibus bill would institute stricter penalties for possession and trafficking of illiict drugs. Under the proposed bill someone growing more than 201 pot plants in
The Republic of Nauru, a small 21 square kilometre pacific island nation comprising of approximately 11,000 people has thrown its support behind the independence of the autonomous republic of Abkhazia, officially recognizing the regions independence from Georgia on Tuesday December 15th, 2009. This follows reports by Russian newspapers on December 14th, 2009 that
In the wake of the Second World War following the Nuremburg and Tokyo trials, the international community came to realize that it was necessary for a standing International Criminal Court to exist. This court would act as both a deterrent and a mechanism for punishment if atrocities approaching those of
Russia and China have both backed Iran internationally, in part because Iran “has vociferously defended the Palestinians, but it has stood by as the Russians have slaughtered Chechens and the Chinese have suppressed Muslim Uighurs.” Britain and Russia have both held Iran as an area of interest in the past.