Beginning of the internet era
It was in 1992, when the Internet era started. However, it started without the existence of the World Wide Web (www). Internet was made available to the world through the “www” network in the following year. The Defense Advanced Research Projects Agency (DARPA) agency of the US Government was instrumental in making it public. Internet penetration among users worldwide rose substantially after privatization of the Internet in 1994.
Growth of the dot-com bubble
The Internet era continued to boom from April 1997 till March 2000. During that time period, Information Technology (IT) was at its prime and became the key accelerating force for the economy. It was in fact one of the topmost sectors which was creating the majority of jobs across all countries, helping in the overall economic growth.
During these years, most of the entrepreneurs were willing to invest in any sort of dotcom business for the sake Read more