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Essay / Research Paper Abstract
This 7-page paper discusses how the dot-com crash wasn't necessarily the end of e-commerce or e-business (or even the Internet) but rather, the birth of a new type of paradigm for e-commerce. Bibliography lists 11 sources.
Page Count:
7 pages (~225 words per page)
File: D0_MTdotnew.rtf
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Unformatted sample text from the term paper:
create multi-millionaires overnight and totally obliterate old economic series. The result of all of this optimism and hope was called the "dot-com boom" by many - it seemed as
though the one way to success, especially during the late 1990s, was to simply add "dot-com" to a companys name. The engine that
drove this frenzy was the Internet and its World Wide Web -- 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 in a matter of hours following an IPO.
Within five years however, the promise of the Internet and the riches it could bring had died. 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. As companies declared bankruptcy, thousands upon thousands of people were laid off from jobs, and a
recession was launched. In hindsight, economists and cyberspace scholars are shaking their heads at the so-called "irrational exuberance" that seemed to have
the nation in thrall during the mid- to-late 1990s. But instead of looking back on the crash with regret, may experts today believe that e-business and e-commerce certainly isnt suffering
following the dot-com crash. Most agree on one thing - namely that the industry was due for a correction, and the crash was that correction.
For the most part, the dot-com failures were actually a shakeout and necessary to develop a new, more effective Internet that would provide support and impetus for a
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