Y2k Research Paper
History Going back to a time period when the fear of this very event occurring can help to put it all in perspective. Y2K was very real for millions of Americans who feared technology would be distorted or shut-down because of a numerical change in years. People stocked up on supplies with a long shelf life; many took their money from their checking or savings accounts. The panic was real, and this current situation is easily relatable. Although the big banking bailout of Greece was a result of economic failure rather than electric failure, the idea and the fear are still relevant. The Cyprus banking system failure caused people who invested their money in the bank to lose it all. It ultimately “reinforced the importance of a proper