2007-01-01 15:17:20 · 6 answers · asked by Longhaired Freaky Person 1 in Politics & Government ➔ Politics
Nope.
2007-01-01 15:19:30 · answer #1 · answered by Nunya B 4 · 0⤊ 2⤋
This was before your time but in the early to the mid 90's the Internet was still in its infancy to the general public thus for not having any impact what so ever on the economy. The government wasn't in the hands of the corporate greedy just wanting to endow the top 1% percent of the nation but wanting the middle class to get a piece of the pie.
2007-01-01 23:24:03 · answer #2 · answered by Anonymous · 0⤊ 3⤋
yeah that boom in the 90's was cheap credit. clinton was reducing the deficit. with the US government borrowing less money, there was more for consumers to go out and buy things. there was less bonds for investors to buy too, so they had to invest in other markets. that's what fed those internet fantasies, all these people had to invest in private ventures instead of lending it to government at a safe return.
2007-01-01 23:21:03 · answer #3 · answered by assmouth p 3 · 0⤊ 1⤋
good question.
And being that it was all these startup internet companies that people were throwing money at , and no solid oversight policies put into place at the time that led to the collapse.
I guess since Al Gore claims to have invented the internet we can ask him.
2007-01-01 23:25:31 · answer #4 · answered by sociald 7 · 0⤊ 0⤋
I'm guessing no. consumer spending on the internet is such a huge thing!
2007-01-01 23:20:42 · answer #5 · answered by jess l 5 · 1⤊ 0⤋
No, it was Bill Clinton.
2007-01-01 23:21:08 · answer #6 · answered by J.C. 2 · 2⤊ 2⤋