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Five years after the hoopla and warnings about Y2K, many dismiss it as a hoax, scam, or non-event. Not only was Y2K a real threat narrowly averted, but it is still having major effects on the economy. It also continues to change how we look at technology. For the fifth anniversary of Y2K, we look at the history and the legacy of the millennium bug.

Why look at Y2K?

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Credits

Separating Hype from Reality

Mention Y2K today, and a lot of people will tell you nothing happened. The whole thing was a hoax. Was it really?

The Costs of Y2K

With the benefit of hindsight, we see that the economic impact of Y2K on America was far greater than the $100 billion-plus government and business spent on fixing the computer glitch.

The Network

We once managed to do business without satellite pagers, cell phones, and instant messaging. But in just a few years, we've become increasingly dependent on a vast, interconnected high-tech system - one that is more fragile than we first thought.