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Essay / Research Paper Abstract
This 10-page paper supports the thesis that the Internet is the supporter of the New Economy, rather than being a failure in the wake of the dot-com bust. The essay touches on the Internet's history, as well as the reasons behind the bankruptcies of many of the dot-coms. Bibliography lists 8 sources.
Page Count:
10 pages (~225 words per page)
File: D0_MTdotint.rtf
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Unformatted sample text from the term paper:
business models, launch new businesses, create multi-millionaires overnight and totally obliterate old economic series. The engine that drove this so-called new economy was the Internet -- a system by
which almost anyone who had a few thousand bucks -- with the promise of more from venture capitalists -- could set up a virtual "storefront" and walk off with millions
of millions of dollars. Within five years however, the promise of the new economy seem to go south. Instead of extolling
the virtues of Web sites in cyberspace, the media was suddenly turning around and reporting on the demise of dot-com after dot-com. Thousands upon thousands of people were laid
off from jobs, and a recession was launched. Those who looks disdainfully upon the concept of the new economy -- the concept that visionary ideas were enough for investment,
rather than positive balance sheets -- were suddenly able to gleefully say "I told you so." These days, economists and
cyberspace historians alike are wondering what the new role of the Internet actually is. Given all the dot-com failures, can the Internet, more specifically the World Wide Web, be
considered a fad that is doomed to failure or the support of a new type of economy? The answer to this question
is not necessarily black-and-white. It is true that the late 1990s and early 2000s seemed to usher in an astounding number of bankruptcies, with most of those bankruptcies involving
dot-com companies. This does not mean however, that the Internet should be written off as a failure or as the reason why these companies failed. Rather, it can be said
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