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Between 1997 and 2009, several significant historical events occurred, including the 1998 financial crisis in Asia, which severely impacted economies across the region. In 2001, the September 11 attacks in the United States led to a global shift in security policies and the initiation of the War on Terror. The 2003 invasion of Iraq by U.S.-led forces sparked widespread debate over international relations and military intervention. Additionally, the global financial crisis of 2008 resulted in severe economic downturns and widespread unemployment, reshaping financial systems worldwide.

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