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The Slowing Revolution Technology a progressive tool in the last decade Every day technology influences many Americans in their daily living from cell phones microwaves CD-players home personal computers to lap top computers technology has made the American standard of living easier and convenient In the last decade technology has affected many components in our American culture The President of the United States Bill Clinton has deemed one of these components as the New Economy The New Economy is the information technology revolution that has changed the way America does business and has changed our market and others around the world Can the market depend on the information technology revolution to be as prosperous in the future What factors contributed to the New Economy In the early 1990s technology was knocking at the doors of every Americans home Affordability and convenience is what lead to the rebirth of the economy Personal computers or PCs for short were much more obtainable in the early 90s with more Americans with computers in their homes Americans became one with technology The growing popularity of PCs led to the biggest benefactor in our economic revolution the Internet Today the Internet is household terminology daily business of all sorts is performed on the Internet by all ages in the world Users can access personal mail through e-mail read headline news research anything and shop for goods and services from the comfort of home Around 1995 the Internet Boom was recognized the Internet became a huge shopping mall for consumers According to Paul Kedrosky writer for the Wall Street Journal there is an estimate of 10 million web pages on the Internet This immense amount of growth in the Internet industry has been a key element in our economic prosperity Many businesses have had significant gains financially in the dot-com industry dot-com being the end part of a registered Internet business domain name though the industry presently takes a spiraling
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