Stock Market Crash causes The Great Depression The stock market crash, one of the most miserable times in the history of the United States stock market. Well, the stock market had many investors who lost most of their money either by the banks or the stock market. The stock market crash caused the Great Depression by making investors and companies lose majority of their money. The Great Depression was the worst unprofitable 10 years in history. This worst time period lasted from 1929 to 1939 and it began after the stock market crashed in 1929.
jobs lost • $2.7 billion in workers ' earnings losses • $422 million in tax revenue cost • $291 million in personal income forfeiture • $131 million in lost corporate income and production taxes. That said, the music publishing revenue model is changing quickly, and new opportunities are presenting themselves all the time. No business model remains unchanged forever - and the music industry has been woefully slow at recognizing this. (Cox, Economics 5070-76) Consumers are actually losing because of quality. They’re exposed to more choices than ever before, but the quality of the product is not on par with what can be legally paid for.
In this case, there are three main effects of Napster on the recording industry. The first one is that it caused a large decline in record sales in a short time. According to this case, the spending on recorded music in U.S dropped 4.1% in 2001 and the industry’s top 10 albums also sold much less compared to the year before. The second effect is that it cased the sales of CD burners, blank CDs and digital audio players increase and nowadays, most new computers come with CD-RW drives installed, which means people can easily store downloaded music, share music with friends and take it with them anytime as well. The third effect is that it increased the cost of recorded music.
Over the past ten years money being spent in the music industries has been declining because everyone is not buying as much as they were. Never the less, this problem does not only affect the music industry but also the publishing and movies industries. There is yet to be a solutio... ... middle of paper ... ...tudent'. It doesn't matter what the circumstance, this article made me realize the effect that illegal downloading has. Reading the first sentence of the article " industry revenues have been declining for the past 10 years," was when I realized the negative impact were all creating on movies and music (McArdle, 2010).
“The Record Industry is in trouble,” says Jann S. Wenner in an editorial appearing in a recent issue of Rolling Stone Magazine. “Album sales are now down almost 20% from two years ago, and the record business is facing the biggest retail slide since the Great Depression” (Wenner). People are buying less and less products released by the recording companies. “Nobody doubts that the music business is in trouble. Last year, global sales of CDs were down by 5% from 2000, the first fall since the format was launched” (NAPSTER R.I.P).
20-22 ) Espada says, he wr... ... middle of paper ... ...finity finally just got tired of this and paying off the fines “and were talking millions” said Stern. (miss America.519.). There are ways to stop all the censorship in radio but it most likely wont ever be stopped completely. There are groups and political parties there to help the cause such as the ( Libertarian party ) Libertarian Party, and Freedom For Speech. But neither is very powerful so I propose some easy solutions.
Digital music is also popular because of its perfect reproducibility. Analog music can be copied, but the more copies you make, the worse the quality gets. Unlike analog music, digital music can be copied over and over again. Digital music, such as CDs and MP3s are made up of bits, which are 1s and 0s. You can infinitely copy 1s and 0s correctly, but imagine trying to copy something like the graph of ... ... middle of paper ... ...ter the search of a song will be one to take you directly to the artist’s website.
Digital sampling allows for recorded sounds to be reproduced almost exactly as they were Also once a sound has been sampled it's sound wave can then be displayed on the computer screen. The commercialisation of software that can record and edit sound at an affordable price means that people can utilise a virtual studio which far outdates the recording equipment 50 years ago for many times the cost. The 'wave' presentation of the recorded sound has revolutionised sound editing techniques. The process of selecting parts of a recorded sound and 'trimming' for ex... ... middle of paper ... ...There have been ongoing legal (and court room) debates over this issue.
Newer models of laptops come in bigger screen sizes and with better processor speeds. Desktops, on the other hand, have better processor speeds. In terms of connectivity, both incorporate built in modems for internet access. Although both computers are good, in one or another way, both are highly advancing with technology. While laptops have a reasonably size and weight, this makes them easy to move around.
How Audio Products Work There are several standard music distribution formats. The MP3 and the compact disc (CD) are the two most common at the moment, but cassette tapes are still around. The Sony Minidisk is another format that Sony has been trying to popularize for many years. A Minidisk looks a lot like a floppy disk but is slightly smaller (7 cm, 2.75 inches square). CDs store 74 minutes of music in a nearly indestructible form and have the advantage of being a digital format, but until fairly recently you could not record on a CD.