The 2000 Dot Com Bubble Burst Explained in Simple Terms.

What caused the technology frenzy? And what caused it to burst?

A new era was on the horizon. The internet has presented limitless opportunities to revolutionize the world of business and many wanted to join in either through an enterpreneurship spirit (1 in 7 Americans said they were building a business in a survey in 1999) or through acquiring stocks of internet-based companies.