The Dot Com Bubble and the Great Recession
The 1990s was a period of economic growth. Aided by Bill Clinton's post-inflation economic policy, interest rates were considerably low. This lead to a mass proliferation of startup companies, which did business almost exclusively on the internet, or dot com companies. Many of these companies had goals that were far too ambitious, but investors, drawn in by the novelty of the dot com company, put their faith in these goals. This created a stock market bubble, or a massive rise in share prices for these dot com companies, with no real backing. Naturally, when these companies failed to meet their goals, the bubble burst, and stock prices plunged. Sweat shows the effect of the burst bubble on the stock market, in their little scene builders, showing how the DOW falls " a record 617-point drop.. after the tech bubble bursts". It is no surprise, that this is precedes the chapter with the greatest economic turmoil, wherein Tracey realizes that Oscar and other immigrant...
Hey Kaeshav, nice blog. Not only were you able to connect two seemingly different documents with each other, but you even used both documents to form a larger idea of American democracy and the "founding ideas" of it. I also enjoyed the somewhat humorous and casual language that you used throughout the post.
ReplyDeleteThese are some krazy opinions Kaeshav, the APUSH content we learned last year really be hitting it hard now. I really like the way you used quotes from Jefferson to further strengthen your krazy opinion. This was a very interesting blog and I really enjoyed reading this.
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