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By H. R. Loyn

Approximately 1000 entries protecting medieval background from the 5th century the start of the Renaissance describe the folk, occasions, and ideas of t heart a long time.

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7 million residents in America, mostly attributable to immigration (Buchanan 2005, 161). The 2000 census was also the first time a census allowed citizens to identify themselves as multiracial, revealing that one in every forty Americans felt they fit into that category. 6 million defined themselves as mixed race (Denton and Tolnay 2002, 6). Overall, the census made evident the decline in the number of whites while Hispanic and Asian percentages rose, with Hispanics becoming the largest minority group in the nation.

The runaway spending of the previous decade led to inflation that took a toll on the average consumer: $1 in 1967 was worth just 68¢ cents by 1974. 5 percent for food items) (Carroll 1982, 131). Furthermore, an energy shortage, sparked by a decrease in oil production by the Organization of Petroleum Exporting Countries (OPEC), made things worse by raising the cost of consumer items. The Nixon administration tried to combat these woes by instituting price controls in an effort to get inflation under control.

As the twenty-first century progressed, the American economy continued experiencing changes as it was forced to adapt to the globalization of culture and communications and the further integration of the international economic system. In early 2008, the country feared a potential recession as consumer spending continued slowing down. INTERNATIONAL DEVELOPMENTS The 1992 Maastricht meeting was organized to establish a treaty to create the European Union. The European Union became effective in 1993, debuting a new era in Europe as the continent became politically aligned and financially unified through a common currency, the euro, in 1998.

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