Rise and Fall of the World Wide Web Essay

Many people believe the Stock Market crash and the Great Depression are one in the same. In the nineteen twenties the Dow Jones went from sixty to four hundred. People became instant millionaires. Trading became America’s favorite pastime and a quick way to get rich. There were Americans mortgaging their home and investing their life savings in stock such as ford. However, there were many fake companies that formed to deceive the inexperience investors. Many investors did not believe that a crash was possible; they all thought the market would always go up.

Before the Stock Market crash of 1929, America went through a decade of prosperity and social change, or the Roaring Twenties. New fads and numerous inventions emerged throughout our country. Many people bought on credit and as a result, our economy flourished. However, American society failed to realize that this would be one of the underlying causes of the Great Depression. For instance, “Most people bought, but many couldn’t afford to pay the full price

The initial event that took a toll on the American economy was the crash of the stock market in 1929. During the 1920’s, much of American society felt a sense of enrichment because they had the ability to add to their wealth via a more productive society, thereby giving them the opportunity to invest in stocks. This surge eventually subsided and by the fall of 1929, stock prices reached unimaginable levels to a point where they could not longer be justified by the amount of companies projected future earnings, causing many to lose confidence in the stock market’s ability to maintain its value. As a result of this feeling, many investors put their shares of stock up for sale but it was too late. Prices had declined and people were unable to re-coop the amount of money as their original investment and many times having to sell their shares for less than what

The United States signaled a new era after the end of World War I. It was an era of hopefulness when many people invested their money that was under the mattresses at home or in the bank into the stock market. People migrated to the prosperous cities with the hopes of finding much better life. In the 1920s, the stock market reputation did not appear to be a risky investment, until 1929.First noticeable in 1925, the stock market prices began to rise as more people invested their money. During 1925 and 1926, the stock prices vacillated but in 1927, it had an upward trend. The stock market boom had started by 1928. The stock market was no longer a long-term investment because the boom changed the investor’s way of thinking (“The Stock Market

The crashing stock market became a key contributor to this crisis. With World War I coming to a close, a new generation formed in the United States. It was filled with enthusiasm, confidence, and optimism.

On Tuesday, October 24, 1929, the United States stock market experienced the single most catastrophic crash in its history. This date would come to be known as “Black Tuesday”. Before Black Tuesday, America was experiencing one of the single greatest economic eras of prosperity. So much so, that it was known as the “Roaring 20’s”. During this time the amount of American wealth tripled, with mo re money going to the top 10% of people and the bottom 90% being left behind. There were more and more people buying company stock, but there was not enough people selling stock, which led to massive amounts of price inflation. This inflation led to the stagnation of various industries, such as, agricultural and manufacturing. When stockholders realized that the companies that they were investing in were not worth the stock they purchased them for there was a major sell out, which led to the bankruptcy of banking, agricultural, and manufacturing

Over the 1920's, many American's wealth increased substantially. This caused many to look to find a place to invest their new found earnings in something that felt safe from inflation. Many people felt that the stock market was a safe one way bet, causing customers to buy shares by taking out loans from banks, but in 1929 everything changed. After reaching its peak earlier that year, on October 29, 1929, what they call “Black Tuesday” hit Wall Street causing investors to trade over 16 million shares on just the New York Stock Exchange in a single day. Billions of dollars vanished, wiping out thousands of investors. Most people believe that the Stock Market crash can be blamed on over eagerness and false expectations. In the years leading up to 1929, the stock market held, what the consumers thought, to be the next gold rush. People bought shares with the expectations of making more money. As share prices rose, people started to borrow money to invest in the stock market. The aftermath of the crash put into motion, what is called the darkest time, economically, in American history the Great

Investing in the Stock Market was extremely popular in the “Roaring 20’s,” but no one actually knew the devastating impact the stock market would have on the economy. The Stock Market was purely a “speculative bubble”, where people would take risks in buying and stock markets hoped that prices

Throughout most of the 1920’s there was a large boom in the stock market. By August 1929, there was massive expansion and stock prices reached their peak. In the words of PBS, “A boom took stock prices to peaks never before seen” (PBS 1). However, all good things eventually come to an end. What must have felt like over night, the stock market crashed and this would later be known as one of the most devastating economic downturns in U.S. history. The Stock Market Crash of 1929 was so significant but to this day people question why it occurred, how it affected the public, how the crash was eventually resolved, and how it affected the U.S. economy for decades to come. I hope to analyze information about the Stock Market Crash of 1929 provided by economists, the government, and more to not only discover answers to the questions above, but also understand why, in hopes of preventing another event of this magnitude from occurring again.

It was 1929, and in the United States things could not be better for those smart enough, or for that matter, brave enough, to gamble on the Stock Market. All of the big stocks were paying off handsomely, the little ones too. However, as much as analysis tried to tell the people that this period of great wealth would last, no one could imagine what would come of the United States economy in the next decade. The reasons for this catastrophic event in American 20th century history are numerous, and in his book, The Great Crash, John Kenneth Galbraith covers the period and events which lead up to the downward spiral in the fall of 1929 and the people behind the scenes on Wall Street who helped this fire spread.

The internet has revolutionized the modern world like no other invention has before, except perhaps, electricity. The internet allows sharing and collaboration to take place between people on opposite sides of the globe. Vinton G. Cerf, often called the “Father of the Internet”, admits that when the original idea of an “intranet” was in its infancy, there was no possible way to imagine all of the ways we would come to use it (NDTV, 2013).

Hossein Derakhshan article, “A Blogfather 's Lament for the Web” spoke about his concerns of the decline of the web. Writing this article, he directed his concerns for Facebook users in 2014. The article appeared to be about his past journaling experience in Iran which lead him to discover blogging, while keeping connected with his readers from his daily column within the Iranian paper. However, when Derakhshan went to prison because of his internet activities and returned six years later, he argued that Facebook was decreasing the web user 's individuality because of its centralized appeal, stating that "Facebook likes you to stay within it"(Derakhshan, para.8), and McLuhan 's concept of "technology being the extension of man", were used to analyze Derakhshan 's argument on Facebook trying to take over the web ruining "human intelligence for the trouble time"(Derakhshan, para, 17) . Derakhshan felt that it prevented the opportunity to develop creative ideas and thoughts “reducing their exposure to more challenging and different ideas”(Derakhshan. para.13), that the rest of the world web can provide for the Facebook user.

There are 7 individuals on the planet who hold the "key to the web." If in the occasion of a significant disaster the web is closed down these key holders will together have the capacity to reboot an essential piece of the framework. Computers are a radiant deed of engineering. They have developed from straightforward number crunchers to machines with numerous functions and abilities. Computers have gotten to be common to the point that practically every home has no less than one computer, and schools discover them a decent hotspot for data and training for their understudies. Computers have made new professions and dispensed with others and have left an enormous effect on our general public. The development of the computer has incredibly influenced expressions of the human experience, the business world, and society and history in numerous diverse zones, yet to see how extraordinary these progressions are, it is important to examine the sources of the computers. Innovation has changed the world and the future holds greater creations for every one of us. Numerous individuals have helped innovation. Three of the numerous individuals who have helped engineering are Tim Berners-Lee, Steve Ballmer, and Linus Torvalds. Without specific individuals we may have not seen a large portion of these new advances turning out so soon, but I believe the future holds more.

Knowing all of this and how far the internet has already come…I realized how much farther the internet really has left to go. In a small window of time, the internet has had an extraordinary impact on how people live their daily lives. It gives the human mind the capability to access new ideas, information and endless possibilities. Which leads to the chronological question, if this is what the internet can do now, what will the future of the internet look like? Even though the internet has already had a significant impact on society thus far, nobody saw it coming even though everybody could predict it. In a world that is constantly changing, the internet is constantly adapting. The true computer revolution has begun but only cracked the surface into the boundless levels it has the capability to reach. In the future the internet will expand in three major areas, speed, intelligence and connection.

The conceptual foundation for the creation of the Internet was significantly developed by three individuals and a research conference, each of which changed the way we thought about technology by accurately predicting its future: Vannevar Bush wrote the first visionary description of the potential uses for information technology with his description of the "memex" automated library system. Norbet Wiener invented the field of Cybernetics, inspiring future researchers to focus on the use of technology to expand human compatibilities. The 1956 Dartmouth Artificial Intelligence Conference crystallized the concept that