The most significant events of the year 2014 included the Ebola outbreak in West Africa and the declaration of an Islamic Caliphate in the Levant by the Islamic State in Iraq and Syria. The third is the annexation of Crimea by the Russian government.
In addition to the three aforementioned events, the year 2014 bore witness to a few more memorable occurrences. In regards to political movements, pro-democracy protests erupted in Hong Kong in defiance of Chinese rule of the former British colony. After a referendum, Scotland voted to remain part of the United Kingdom.
In terms of economics, economies in the Eurozone slid again, marking the third economic recession in the region in the past 5 years. Also, oil prices collapsed by nearly half as a result of the advent of hydraulic fracturing in the United States, as well as a fall in global demand for oil due to slowing economic growth worldwide.
In terms of United States foreign policy, negotiations with Iran regarding its desired nuclear program came to a halt. Despite unfreezing certain Iranian assets, negotiations did not make the deadline on November 24th, and not much has come out of 12 years of on and off negotiations which began in 2002.