1999 - The Most Important Year in History (Y2K,Dot-Com Bubble)

 

Y2K is the shorthand term for "the year 2000." Y2K was commonly used to refer to a widespread computer programming shortcut that was expected to cause extensive havoc as the year changed from 1999 to 2000.

Experts feared that the switch from the two-digit year '99 to '00 would wreak havoc on computer systems ranging from airline reservations to financial databases to government systems. For instance, the banking system relied on dated computers and technologies and it wasn't irrational for depositors to worry about being able to withdraw funds or engage in important transactions. Bankers were worried that interest might be calculated for a thousand years (1000 to 1999) instead of a single day.

The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the World Wide Web and the Internet, resulting in a dispensation of available venture capital and the rapid growth of valuations in new dot-com startups.