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Which of the following was a long-term impact of the popping of the dot-com bubble on the larger economy? All Web-based broker firms went bankrupt
Which of the following was a long-term impact of the popping of the dot-com bubble on the larger economy? All Web-based broker firms went bankrupt because the public ceased all online stock trading. Chairman Alan Greenspan lowered long-term interest rates to help stimulate the economy and encourage investors to return to the stock market, which allowed for the real estate bubble. The public lost interest in technological innovation and the Internet. Oil and communication companies became stable monopolies for the next decade
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