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Worse, a U.S. bear market would spread globally.
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The wider concern was that market doubts would spread to other weak euro-zone economies and that the entire currency area could be infected.
Hence forth, liberal democracy and market economy would spread to become the universal norm.
So when word spread that a farmers' market would open on Oct. 4 in the parking lot of the shuttered Key Food, much rejoicing ensued.
In the hopeful years that followed the fall of the Berlin Wall in 1989, the universal triumph of liberal capitalism and democracy seemed assured; free markets and human rights would spread around the world and lift billions from poverty and oppression.
After the fall of the Berlin Wall and the dissolution of the Soviet Union, it was possible to imagine what scholar Francis Fukuyama called "the end of history". Western-style free-market democracy had triumphed and would spread inexorably around the globe.
With its original Murano sport-crossover vehicle, Nissan brought a dash of high style to mass-market SUVs, a trend that would spread throughout the industry.
Quite conceivably, the tremors would spread to other markets around the world.
that would spread the gospel of the market throughout the Middle East.
In late October, the Polish zloty fell sharply in value against the euro as markets fretted that the economic crisis gripping Hungary would spread to neighboring Poland.
In a global market where money flows freely everywhere, the blow to America would spread.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com