preview

2000 Periodization Paper

Decent Essays

Periodization Paper 2000 C.E. The cutoff for the next period of history should be 2000 C.E. because 2000 C.E. represents a shift between: the global war on communism and the war on terrorism, the successful global market and the recession we are still experiencing, and the demographic transition from high fertility rates and low morality rates to lower fertility and morality rates. The three events that best characterize the global shift in history are: the weakening and fall of the Soviet Union, the Asian financial crisis, and the increased usage of birth control to transition to lower fertility rates. The declining power and fall of the Soviet Union represented a global change in the polarized world because it: led to the fall of the Berlin War, the end of communism in …show more content…

had global impacts because the global market was so interconnected that it caused many other recessions, such as the U.S. recession of 2008 C.E. The Asian financial crisis had the largest effects on Japan because Japan’s economy and industry were steadily increasing and they were on a path to begin out producing the United States. However, the depression was so bad that Japan has still yet to recover from it. Japan’s GDP suffered a loss greater than that of the United States during the Great Depression. The recession was so severe, that the economy of that region of Asia rapidly declined. The recession of Asia was so severe that only the United States, Japan, and international institutions such as the International Monetary Fund were able to help partially improve the economy. The United States has been in a similar recession since 2008 A.D. This is most obvious in the housing market of the U.S., which has suffered the greatest loss. Before the recession, many began to build homes and buy homes because the market was so profitable. However, when the market took a turn for the worse, many were forced to sell their homes or abandon their building

Get Access