Early 21st Century

Definition

The Early 21st Century refers to the period from the year 2000 to around 2010, characterized by significant social, economic, and political changes globally. This era saw the rise of technology and globalization, alongside major events such as the September 11 attacks and the financial crisis of 2008, which reshaped national and international dynamics.

5 Must Know Facts For Your Next Test

1. The September 11 attacks in 2001 led to a global war on terror and significantly impacted U.S. foreign policy, including military interventions in Afghanistan and Iraq.
2. Advancements in technology during this period saw the rapid growth of the internet, social media, and mobile devices, transforming communication and information sharing.
3. The Early 21st Century witnessed major debates over climate change and environmental policies as awareness of global warming became more prevalent.
4. Economic globalization accelerated, leading to increased trade and investment across borders but also resulting in criticisms related to job losses and inequality.
5. The financial crisis of 2008 resulted in widespread unemployment and government bailouts of major banks, leading to long-lasting effects on the economy and public trust in financial institutions.

Review Questions

• How did the events of September 11, 2001, influence U.S. domestic and foreign policy during the Early 21st Century?
  • The September 11 attacks had a profound impact on both U.S. domestic and foreign policy. Domestically, it led to increased security measures, such as the creation of the Department of Homeland Security and the implementation of the USA PATRIOT Act. Internationally, it initiated a global war on terror, resulting in military interventions in Afghanistan and Iraq, fundamentally altering U.S. relations with several countries.
• Discuss how technological advancements in the Early 21st Century influenced societal changes.
  • Technological advancements during the Early 21st Century greatly influenced societal changes by transforming communication and information access. The rise of the internet and social media allowed for real-time sharing of information, mobilizing social movements like the Arab Spring. This shift not only changed how people interacted but also influenced political engagement and activism on a global scale.
• Evaluate the implications of the Great Recession on economic policy and public sentiment towards government regulation in the Early 21st Century.
  • The Great Recession had significant implications for economic policy and public sentiment towards government regulation. In response to the crisis, governments worldwide implemented stimulus packages and regulations aimed at stabilizing financial markets. This crisis also led to a growing skepticism among the public regarding unregulated capitalism, pushing for more oversight on financial institutions and a reevaluation of economic priorities.

Related terms

Globalization:

The process by which businesses and other organizations develop international influence or operate on an international scale, leading to increased interconnectedness.

Terrorism: The use of violence and intimidation, especially against civilians, in pursuit of political aims, which became more prominent in global politics during this period.

Great Recession:

A severe worldwide economic crisis that occurred from 2007 to 2009, marked by the collapse of financial institutions and significant declines in consumer wealth.