Written in 2005; 1,125 words; 6 sources; MLA; $ 39.95
Paper Summary:
This paper discusses why the dot coms boom eventually collapsed and discusses the dotcom phenomenon as a unique part of modern economic history. The paper further discusses why investors abandoned long held principles of economic growth in order to profit quickly from speculation.
From the Paper:
"Dazzled by the lure of rising stock prices and a burgeoning new technology, investors abandoned the long-held principles behind economic growth in order to profit from the tidal wave of speculation that accompanied the growth of the Internet. New stock offerings routinely sold at absurd prices and the relationship between stock prices and company earnings was considered outmoded by many business pundits. The dot com feeding frenzy reached its nadir when America..."
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