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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3100 |
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Gordon further argues that the economic growth ostensibly generated by the advent of the Internet, underlying what became known as the "New Economy," does not measure up to the so-called Second Industrial Revolution associated with the "great inventions" of the late nineteenth and early twentieth centuries...
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(Joseph A. Divanna, 2002)
During the late 1990s, continuously rising prices of high-tech stocks created euphoric conditions, as more and more investors rushed into these stocks in anticipation of large capital gains. Once shareholders became drawn to stocks because everyone else was buying, realistic valuations of stocks based on their earnings potential got crowded out by what Greenspan characterized in 1996 as ?irrational exuberance'...
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The Rise and Fall of the Dot.com Bubble
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