Globalization: The process of increasing interconnectedness among countries around the world through trade liberalization, technological advancements in transportation/communication networks, and international cooperation.
Dot-com Bubble: A period during the late 1990s characterized by excessive speculation in internet-based companies. This speculative bubble eventually burst, leading to a significant decline in the value of many internet-focused stocks.
War on Terror: A phrase used to describe the United States' efforts to combat terrorism worldwide following the September 11, 2001 attacks. It resulted in various military interventions and policy changes that had economic ramifications.