The world event that was shaped by digital technology according to the passage was that The global economy contracted in 2008 following the failure of computer networks to adequately handle the trading of mortgage-backed securities.
What is a negative effect of the digital revolution?
The digital revolution has made the sharing and analysis of data significantly easier but it needs to have access to a lot of data to do so.
Continued success has led to more people trusting digital systems even in the financial world.
This normally wouldn't be bad but we cannot trust computer systems all the time.
A prime example was the computer system failure in 2008 to properly analyze mortgage backed securities and so they didn't handle the trades well.
This led to billions of dollars in losses that crippled many nations. It just shows that the digital revolution has disadvantages as well.
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