Slowing Revelotion
Technology, a progressive tool in the last decade! Every day technology influences many Americans in their daily living, from cell phones, microwaves, CD-players, home personal computers, to lap top computers technology has made the American standard of living easier and convenient. In the last decade technology has affected many components in our American culture. The President of the United States Bill Clinton has deemed one of these components as the "New Economy". The "New Economy" is the information technology revolution that has changed the way America does business, and has changed our market and others around the world. Can the market depend on the information technology revolution to be as prosperous in the future? What factors contributed to the "'New Economy"? In the early 1990's technology was knocking at the doors of every American's home. Affordability and convenience is what lead to the rebirth of the economy. Personal computers or PC's for short were much more obtainable in the early 90's, with more Americans with computers in their homes Americans became one with technology. The growing popularity of PC's led to the biggest benefactor in our economic revolution, the Internet.
Hundreds of up start companies looked for financial support for their virtual gold mine, and many of them received support. This short-term mentality during the Internet's gold rush led to the following devastating chain of events with dozens of online-based companies:1. It remains to be seen what companies and what markets will stand with out the spending. Works CitedFisher, Jeff; "Why Peets. Any thing and every thing have a bid price. 6 billion in Internet retailers since 1997". This trend left many venture capitalists rich and long-term investors out of luck. Leaving more than enough means of business to meet consumer needs. · Content Sites: Hybrid companies using broadcasting and content to sell over the Internet. On-line competition is a huge cost for dot-coms. com categorizes what types of businesses are struggling to stay in business:· Common Search Engines: The first to emerge from the rollout of the Web. · E-tailing: Actual modern versions of the catalog business without the catalog.
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Acceptance Essays
