The net inventory bubble wasn't with reference to goggle-eyed day traderstrying to get wealthy at the Nasdaq and goateed twenty-five-year-olds taking part in wannabe invoice Gates. It was once additionally approximately an the US that believed it had found the key of everlasting prosperity: it acknowledged anything approximately we all, and what we thought of ourselves, because the twenty-first century dawned. John Cassidy's Dot.con brings this tumultuous episode to existence. relocating from the chilly struggle Pentagon to Silicon Valley to Wall highway and into the houses of hundreds of thousands of usa citizens, Cassidy tells the tale of the good growth and bust in an authoritative and wonderful narrative. that includes all of the iconic figures of the web period -- Marc Andreessen, Jeff Bezos, Steve Case, Alan Greenspan, and so on -- and with a brand new Afterword at the aftermath of the bust, Dot.con is a wide ranging and stirring account of human greed and gullibility.
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Vannevar Bush (no relation to the political relatives of an identical identify) used to be born right into a middle-class relatives in Chelsea, Massachusetts, in March 1890. Adept with numbers and serious about devices, he studied engineering at Tufts collage, the place, in 1913, he invented a tool to degree distances over asymmetric flooring. made of a bicycle wheel, a rotating drum, a few gears and a pen, this contraption, which used to be referred to as a Proliﬁc Tracer, earned Bush a master’s measure and his ﬁrst patent. years later, Harvard and Massachusetts Institute of know-how together presented him a Ph. D. for his examine into how electric currents behave in strength strains. Bush then moved into the non-public region. He lower back to educational existence in 1919, becoming a member of engineering college at MIT, the place he was once to stay until eventually the second one global struggle. through the interwar years, a sequence of progressive innovations remodeled way of life. For the ﬁrst time, usual american citizens received entry to electrical energy, motor autos, fridges, and radios, Economists stated a “New period” of technology-based prosperity. The inventory marketplace crash of October 1929 and the next nice melancholy positioned paid to such language, yet scientiﬁc development persisted unabated, in particular in Bush’s ﬁeld of electric engineering, the place valuable functions looked as if it would emerge from the laboratory a week. MIT has 10 dot . con regularly had shut hyperlinks to undefined, and Bush lent his services to varied production ventures, together with ﬁrms that later turned a part of Texas tools and the Raytheon company. In 1931, Bush and his scholars invented an unwieldy contraption inclusive of levers, gears, shafts, wheels, and discs, all fastened on a wide steel body, which they referred to as a “differential analyzer. ” The ﬁrst electronic desktop, the ENIAC, wasn’t invented for an additional decade and a part, yet Bush’s invention was once a mechanical laptop designed to mechanize the answer to differential equations, a mathematical challenge that had tormented scholars for many years. It cemented his recognition as an creative engineer. in the course of the moment global warfare, the U. S. army used an up-to-date model of the differential analyzer, one weighing 100 lots, to assist it calculate missile ﬂight trajectories. In 1938, Bush was once appointed president of the Carnegie establishment, a prestigious study institute established in Washington. After relocating to the capital, he grew to become pleasant with Harry Hopkins, a senior aide to President Roosevelt. Hopkins and Roosevelt have been willing to mobilize the nation’s scientists and engineers in the back of the conflict attempt, and so they picked Bush because the guy for the task. In 1941, Roosevelt named Bush as director of the newly shaped Ofﬁce of Scientiﬁc study and improvement, which operated independently of the Pentagon and the civilian firms. Bush speedy justiﬁed his choice. driving roughshod over bureaucrats, army and civilian alike, he granted army examine contracts to Harvard, MIT, Cal Tech, and different prime universities. on the war’s height, he had greater than six thousand scientists operating for him.