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2000 important events
-lowest unemployment rate in 3 decades of 4%
- stock market crash -
2001
-Shutting down World Trade Center
-Enron and the emerge of corporate fraud -
2002
-OPEC cuts oil production by 6.5%
-U.S Airways files for bankruptcy -
2003
-Start of the Iraq War -
2004
- unexpected cut in OPEC quota contribute to higher oil prices
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2006
-minimum wage rate increases in some states above federal level of $5.15
- Iran moves from the dollar to the euro -
2008
-collapse of Wall Street
-Oil prices hit a record high of $147/ barrel
-housing prices dropped drastically by 20% -
2009
-the financial crisis was resolved by the start of 2009
-over 3 million foreclosure filings
-unemployment rate stabilized
-GDP growth and corporate earnings increased