2007 was a remarkable year in history, with a number of world events that impacted the global community. From the launch of the Apple iPhone to the recession that followed the subprime mortgage crisis, 2007 was a year that left its mark on the world. Here we take a look at some of the major events that took place during that year.
The Launch of the Apple iPhone
2007 saw the launch of the Apple iPhone, one of the most revolutionary pieces of technology ever released. The iPhone was the first ever smartphone, combining a range of features such as a touch screen, internet access and a range of applications into one device. It was an instant hit and set the tone for the future of mobile phones, with many of its features becoming standard in modern devices.
The Recession of 2007-2009
The global recession of 2007-2009 was caused by a number of factors, but the main cause was the subprime mortgage crisis. This crisis saw banks offer mortgages to people with poor credit ratings, leading to a surge in defaults and a subsequent collapse of the housing market. The resulting recession had a major impact on the global economy, leading to high unemployment rates and a drop in consumer confidence.
The War in Iraq
The war in Iraq began in 2003, but 2007 saw a major escalation of the conflict. US forces launched a major offensive against insurgents in the country, leading to a surge in violence. The surge was successful in reducing violence in some areas, but ultimately it failed to end the war, which continues to this day.
The Global Financial Crisis
The Global Financial Crisis of 2007-2008 was caused by a number of factors, but it was largely caused by the subprime mortgage crisis and the resulting recession. This global financial crisis had a major impact on the world economy, leading to a collapse in stock markets and a rise in unemployment.
The 2007 Nobel Peace Prize
The 2007 Nobel Peace Prize was awarded to former US Vice President Al Gore and the Intergovernmental Panel on Climate Change (IPCC). This award was given in recognition of their efforts to raise awareness of the dangers of climate change, and to promote international action to combat it.
The 2007 Cricket World Cup
The 2007 Cricket World Cup was held in the Caribbean and was won by Australia. This was the first time that Australia had won the tournament since 1987, and it was a major achievement for the team. The cricket World Cup is one of the biggest sporting events in the world, and it was a major event for the sport in 2007.
Frequently Asked Questions
What major events happened in 2007?
Some of the major events that happened in 2007 include the launch of the Apple iPhone, the onset of the global recession, the war in Iraq, the global financial crisis, the awarding of the Nobel Peace Prize, and the 2007 Cricket World Cup.
What was the cause of the 2007 recession?
The 2007 recession was caused by a number of factors, but the main cause was the subprime mortgage crisis. This crisis saw banks offer mortgages to people with poor credit ratings, leading to a surge in defaults and a subsequent collapse of the housing market.
What impact did the 2007 recession have?
The recession had a major impact on the global economy, leading to high unemployment rates and a drop in consumer confidence. It also led to a collapse in stock markets and an increase in global poverty.
Who won the 2007 Cricket World Cup?
The 2007 Cricket World Cup was won by Australia. This was the first time that Australia had won the tournament since 1987, and it was a major achievement for the team.
What was the cause of the Global Financial Crisis?
The Global Financial Crisis of 2007-2008 was caused by a number of factors, but it was largely caused by the subprime mortgage crisis and the resulting recession.
Why did Al Gore and the IPCC receive the Nobel Peace Prize?
Al Gore and the IPCC were awarded the Nobel Peace Prize in 2007 in recognition of their efforts to raise awareness of the dangers of climate change, and to promote international action to combat it.
What was the outcome of the war in Iraq?
The US launched a major offensive against insurgents in Iraq in 2007, leading to a surge in violence. The surge was successful in reducing violence in some areas, but ultimately it failed to end the war, which continues to this day.
What innovations were introduced with the Apple iPhone?
The Apple iPhone was the first ever smartphone, combining a range of features such as a touch screen, internet access and a range of applications into one device. It was an instant hit and set the tone for the future of mobile phones, with many of its features becoming standard in modern devices.
What other events happened in 2007?
Other significant events that happened in 2007 include the opening of the world's longest sea bridge in China, the resignation of Pervez Musharraf as President of Pakistan, and the beginning of construction on the world's tallest building, the Burj Khalifa in Dubai.