Fin 321
9-11-11
The Bubble Decade
The cockle decade was from the mid 90s to the untimely 2000s. It started off with the dot-com boom. The dot-com boom was when internet sites would go public and their stocks would soar or so propagation over 200 times what the book value was. These internet sites would become worth millions of dollars when in reality their value wasnt anywhere near that. At the height of this period, AOL bought Time Warner for around $158 billion dollars. At the decease of the bubble decade AOLs value was only when $2 billion dollars, less than 1% of what it gave for Time Warner.
Mark Cuban was one of the innovators that became very wealthy from the bubble decade. He started broadcast.com, with only putting $4,000 into the site to begin with; he later interchange it for $5 billion. Mark stated that people should switch apothegm the stock market crash coming because companies that were worth pennies on the share were suddenly worth hundreds of dollars per share. This trend could only go on for so long.
The housing boom and real acres bubble happened in the middle of the decade. Real soil was thresh about rocketing and trashy interest rates allowed people to get cheap loans and buy real estate. The biggest real estate transaction in history happened in this period for $5.
4 billion dollars when 109 apartment complexes were bought. and so suddenly when the people that took loans that they couldnt afford didnt have enough money to pay back the loans, the real estate industry went into a free fall. A lot of the properties took a huge hit in value with people losing millions of dollars.
The plump bubble of the decade to burst was the credit bubble. Many buyouts happened in this bubble resulting in companies having a lot of debt and being lastly ruined or shutdown. A lot of workers lost their jobs because of the over-valued buyouts.
The bubble decade was a rollercoaster ride. People became millionaires and people lost millions, some both. The...If you want to get a full essay, order it on our website: Ordercustompaper.com
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