The Protestant Reformation was a religious movement in the 16th century that began as an attempt to reform the Roman Catholic Church and resulted in the creation of Protestant churches.
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Which event in 2021 highlighted the fragility of global supply chains?
The grounding of the Ever Given container ship in the Suez Canal in March 2021 blocked a major trade artery for six days, costing billions in delayed trade and highlighting supply chain fragility.
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The 'Great Resignation' following the COVID-19 pandemic referred to:
The Great Resignation was an economic trend beginning in 2021 in which employees voluntarily resigned from their jobs en masse, citing low pay, lack of opportunities, and a desire for better work-life balance.
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Which sector in China faced a severe liquidity crisis starting in 2021, symbolized by the troubles of Evergrande?
China's property sector faced a massive crisis triggered by government crackdowns on excessive borrowing (the 'Three Red Lines'), leading to defaults by major developers like Evergrande.
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Which factor is a major cause of global inflation rises in 2021–2023?
Utilitarianism, associated with Jeremy Bentham and John Stuart Mill, is an ethical and political theory which states that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.
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Which institution creates the 'Doing Business' report (discontinued in 2021 but historically significant)?
The World Bank published the 'Doing Business' report, which ranked countries on the ease of doing business. It was discontinued in 2021 due to data irregularities, but remains a famous benchmark in the history of international financial metrics.