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What does in the wake of mean?

Looking for the meaning or definition of the word in the wake of? Here's what it means.

Preposition
  1. (idiomatic) Following
  2. (idiomatic) As a result of
  3. In the noticeable disturbance of water behind (a maritime vessel).
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Examples
They are obviously capitalising on the generosity of the public in the wake of the tsunami disaster.
After the pension scheme was revalued in the wake of the dotcom bubble, that surplus turned to a deficit.
Higher interest rates may be on the horizon, but are not expected to arrive speedily in the wake of the Budget.
The review comes in the wake of two profit warnings from the group so far this year.
The idea was born from the damage done to the local tourist industry in the wake of the foot and mouth disease outbreak.
It suffered huge losses in the wake of September 11 and its shares have nosedived.

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