Category Archives: June 21 assignment

Fall of Berlin Wall

Posted on June 17, 2010 by Olympi

The Berlin Wall fell on November 9 ,1989 and represented the beginning of the demise of communism in the the USSR and more generally the world. It was erected to divide between East Germany and West Germany, after WWII, which were the communist and democratic sides of Germany respectively. Hordes of people from the East flocked to the West celebrating Germany’s reunification.

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Stagflation

Posted on June 17, 2010 by Yukari

During 1970s, the United States experienced stagflation which is economic phenomenon that the unemployment rate and the inflation rate are high at the same time. Main causes for this stagflation were the changes in economic policy, the end of the Golden Exchange Standard, made by Nixon in 1971 and Oil Crisis in 1973 and 1979. It created a negative spiral in economy because price increases while income decreases and suffered not only people in the United States but also other nations especially country which highly depended on oil imports.

Image from: www.epips.com/djia/ 1970s-oil-crisis.html

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“Axis of Evil”

Posted on June 16, 2010 by schen2

  “Axis of evil” is a term that used by the former President George W. Bush in his State of the Union Address on January 29, 2002, he accused Iran, Iraq and North Korea of helping terrorism and developing weapons of mass destruction which would potentially threat the safety of  the United States. Thus, he named the three countries as the “axis of evil.”

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Montgomery Bus Boycott

Posted on June 16, 2010 by Johnny

This event was a start point of the civil rights movement. In 1955 in Montgomery, Rosa Parks, an African American woman, was arrested for refusing to give her seat to a white person. Almost all black people in Montgomery stopped using the public transportaitons. This boycott resulted in a crippling financial deficit for the Montgomery public transit system. Finally in December 20, 1956, the United States Supreme Court declared that Alabama and Montgomery laws requiring segregated buses are unconstitutional.

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Watergate

Posted on June 16, 2010 by Sora

 Watergate Scandal first came out in 1974 when there was a break-in at the Democratic National Committee Headquarter at the Watergate Complex. Although it was first assumed to be a simple robbery, further investigation revealed that there was a connection to Committee to re-elect the president and the president Nixon himself. Although he tried to cover up his connections, especially the tape of wiretapping, the U.S. Supreme Court declared him to hand over the tape. As a result, President Nixon resigned before he was impeached.

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Tiananmen Square

Posted on June 16, 2010 by Yimei

Tiananmen Square protest happened in 1989. There were tens of thousands of students demonstrating for the greater democracy in capital of China, Beijing. It reached at its peak On June 4, 1989. On that day, because protesters wanted to grieve the Hu Yaobang who was a pro-democracy and anti-corruption official, around 100,000 students went to gather at Tiananmen Square. Estimated 2,000 protesters were killed by Chinese government.

http://www.politicalforum.com/current-events/80800-tiananmen-square-20-years-later.html

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Hurricane Katrina

Posted on June 16, 2010 by Malgorzata

Hurricane Katrina hit the southern coast of the United States on August 28th, 2005. According to the U.S. Department of Health and Human Services over 1,800 people lost their lives, and more then $81 billion dollars in damages occurred, nearly the double the cost of the previously most expensive, Hurricane Andrew, when adjusted for inflation. Besides New Orleans, Katrina also devastated the coasts of Mississippi and Alabama.

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Marshall Plan

Posted on June 16, 2010 by David

The Marshall Plan was unveiled by then Secretary of State, George C. Marshall, at Harvard University in June of 1947. Marshall in his speech pledged United States support to the economic recovery of several European nations. The  United States worked out with twenty-three European countires trade agreements, which would result in a market for American investment and goods in these specific countries.

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Enron

Posted on June 16, 2010 by Barry

Enron was an American energy company that went through a scandalous bankruptcy in 2001.  It was a very powerful company that gained its popularity through marketing and having a very high stock market value.  It was named the “Most Innovative Company” by Forbes for six years in a row.  The company’s downfall appeared to come from its use of mark-to-market accounting, which is recognizing future revenue in the present.  In this way, it appeared that the company’s revenue was sky high, and the company was thus able to hide its huge debt.  This debt was eventually discovered after many questions were raised against the actions of the company, and Jeffrey Skilling, the former President and CEO, brushed them off without realizing the consequences.  Shareholders, as a whole, lost around $11 billion in the bankruptcy of Enron.  

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