Dot coms were high-tech companies that attracted many investors in the 1990s. These companies were associated with the rise of the internet and were seen as innovative and potentially profitable, which led to a surge of investment and IPOs in the sector. However, this enthusiasm was short-lived, and many dot coms failed to generate profits, leading to the dot com crash in the early 2000s.

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"Dot Coms

Question 22

Multiple Choice

"Dot coms":

A) were high-tech companies that attracted many investors in the 1990s.
B) were companies that economic journalists repeatedly warned investors against.
C) were never warmly embraced by stockbrokers in the 1990s.
D) helped stabilize the fluctuating 1990s stock market.

Correct Answer: