Dot Com Crash of 1997-2000 The dot com crash, also known as the dot com bubble, was a momentous and historic event which occurred in the time frame of 1997 to late 2000. It was an eye opener for many online companies as the idea of the internet was quite new. It was mainly caused by The dot com crash incorporated stock markets that saw their equity value soar in growth in internet and technology sectors. It caused many companies to re think the way they operated and caused many to lose money. The dot com crash is still remembered today as crucial event in history. The internet that society knows today, was once a very small concept that only a few people could grasp. It started out very small, but over time it grew to become so popular among people, that it became a household term. Computers were becoming more conventional and many more people started being able to afford them. There was a major growth of internet users across the world. Due to the demand of technology being used, the internet had created a new way to perform simple tasks and go about activities. It had initiated a ...
The stock market expanded rapidly during the period of 1921-1929. At this time investors were optimistic about the stock market, so they traded stocks, which caused the stock prices to rise. The stock market boom led to asset prices rising at a fast pace. Which in turn outweighed the true value of the assets. Eventually, since the stock market did not reflect the true value of the stock, this led to a huge bubble followed by a crash. This crash is also known as the Great Depression that led to a severe economic crisis in the United States.
Leading up to the crash was The Roaring Twenties. It was right after World War I. The United States economy was stimulated by the war. People seem to have a lot of money. There are many new technologies and new infrastructure.
" Business History Review 75.2 (2001): 325. Academic Search Complete. Web. 28 Mar. 2014. "Stock Market Crash Of 1929.
The Stock Market Crash of 1929 was the most devastating crash in U.S. history. It started on October 24, 1929 and the downfall ended in July 1932. I always wondered what caused this calamity. Before starting this report, I knew basic idea about the crash. It was a time of decline and huge fortunes were lost. Now I can figure out just why.
Beginning on Black Tuesday, October 29th, 1929, a total of 14 billion dollars was lost in America’s economy. Near the end of the week the 14 billion turned into a total of 30 billion dollars (The Great Depression Facts). Many events during the Stock Market Crash caused damage to the economy and lifestyle of the country, ending with recuperations from The Depression.
The stock market crash of 1929 was the primary event that led to the collapse of stability in the nation and ultimately paved the road to the Great Depression. The crash was a wide range of causes that varied throughout the prosperous times of the 1920’s. There were consumers buying on margin, too much faith in businesses and government, and most felt there were large expansions in the stock market. Because of all these positive views that the people of the American society possessed, people hardly looked at the crises in front of them.... ...
The stock market crash rolled in after the golden time in the 1920’s. With it came the Great Depression trailing right behind. The stock market crash was caused by people investing in stocks with money they did not have, this was called buying on margin. When the stocks fell, everyone lost an enormous amount of money that they had invested into the stocks.... ...
So how does this relate to And Then We Came to the End? The dot-com bubble caused companies to depend on the Internet as they never had before. They found that they needed the Internet for customer bas expansion and marketing or else they would lose their clients. In And Then We Came to the End shows us how major companies that previously flourished experienced mass losses and layoffs in the rush of the bubble. Since the time of the industrial revolution, companies main focus were powerful executives, which changed swiftly with the Internet companies focus on the individual customer. Suddenly, they were losing out to small companies started in people’s own homes. People were getting rich quick, and the dot-com bubble suggested that if a company was to survive they needed to focus on expansion, even if revenue losses were large.
On Tuesday, October 29th, 1929, the crash began. (1929…) Within the first few hours, the price fell so far as to wipe out all gains that had been made the entire previous year. (1929…) This day the Dow Jones Average would close at 230. (1929…) Between October 29th, and November 13 over 30 billion dollars disappeared from the American economy. (1929…) It took nearly 25 years for many of the stocks to recover. (1929…)
Most people would think that the Crash of 1929 was an accident involving more than one vehicle. But unlike most crashes this crash didn’t involve a collision of two or more vehicles. This was a crash of the stock market. The Crash was an event that took place during 1929, in the city of New York on Wall Street. Many things led to the Crash of 1929, from economic imbalances, to the failure of structures.
New Years Eve of 1999 was an exciting time for a large group of people around the globe, moving into the new millennium. It also was a time of paranoia for an equal amount of people. The advent of personal computer use was blooming around this time, and so were a large number of misinformed people who were not understanding of their computers internal programming. The year 2000 problem, shortened to Y2K, was the problem of using two-digit dates in a large number of software, instead of four digits. The fear was, on January 1st 2000, a large number of software and services would stop working because of this programming error. The Y2K problem was a significant event in recent history, an event that was overhyped by the media and had little impact on everyday operations, due to the work of the programmers.
Just when you’re at the peak filled with excited, everything drops so quickly that you don’t even remember how it happened. The Wall Street Crash started in October 1929 after World War 1 and the Reconstruction period. Not only was this start off the Great Depression, but it also started a psychological blow to everyone who invested in stocks ("The Wall Street Crash and Depression."). The Crash on Wall Street proved to America how other countries connect and if one country’s stock market crashes we does everyone else's. Many Americans panicked when an astonishing number of shares of stocks were being sold.
The stock market crash of 1929 was a major turning point in history. It was an event that struck The United States hard, effecting both political and social groups. During the Stock Market Crash; banks were forced to shut down, people lost their entire savings they had in the banks, and upon losing their savings from the banks they eventually lost their businesses. Therefore causing a downward spiral in the economy of The United States and creating havoc. The Stock Market Crash of 1929 was a time sorrow due to loss of trust in the banks.
The history of the internet shows that the internet is not a new medium. The internet was initially created in the 1960's to as a way for the United States to stay connected in case of a nuclear fallout due to the possible consequences of the Cold War. F...
The Internet has revolutionized the computer and communications world like nothing before. The Internet enables communication and transmission of data between computers at different locations. The Internet is a computer application that connects tens of thousands of interconnected computer networks that include 1.7 million host computers around the world. The basis of connecting all these computers together is by the use of ordinary telephone wires. Users are then directly joined to other computer users at there own will for a small connection fee per month. The connection conveniently includes unlimited access to over a million web sites twenty-four hours a day, seven days a week. There are many reasons why the Internet is important these reasons include: The net adapts to damage and error, data travels at 2/3 the speed of light on copper and fiber, the internet provides the same functionality to everyone, the net is the fastest growing technology ever, the net promotes freedom of speech, the net is digital, and can correct errors. Connecting to the Internet cost the taxpayer little or nothing, since each node was independent, and had to handle its own financing and its own technical requirements.