When the year 99 gave way to the year 00, data would behave as if it were about the year 1900, a century before, and system upon system in an almost infinite chain of dominoes would fail
proliferated, as did websites like josephproject2000.org, which sold bulk foods. The excitement grew so great that Reverend Steve Hewitt, the editor ofmagazine, took to traveling the country counseling calm among the pious. “I’m at war to stop the panic,” he said. “Windows 98 is not a spiritual issue. Pentium II is not a spiritual issue.”
People line up at a HSBC branch to get cash on December 30, 1999. British banking giant HSBC allayed Asian millennium bug fears, saying no problems were expected with the company's bank cards following reports of problems in Europe.As New Year’s Eve drew near, the Federal Reserve ordered the printing of an extra $70 billion in paper money, about $255 per person in the U.S., in case there was a run on the banks.
Italy had started addressing the Y2K challenge later than many countries and had done far less than many, too. Many doomsayers expected especially extensive chaos there, in the land of. But little happened even in Italy, beyond those prisoners’ short-lived surprise. The trains were all stopped at midnight, because,, “Italians are skeptical, and we said . . . nothing’s going to happen. But we couldn’t take the risk.
There were those who looked back at the big scare as altogether a very good thing. “Y2K turns out to be a large net plus for the U.S. economy,”“There is a certain sense of wry anticlimax out there,” said Michael Granatt, one of the heads of Britain’s Y2K effort, but, he added, “things don’t go right by accident. They go right through proper planning.
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