Last updated: 11 march, 2010 - 17:46 GMT

The dotcom boom and bust

Nasdaq index

It is the 10th anniversary of the end of the dotcom boom.

On 10 March 2000, the Nasdaq index of leading technology shares spiked, after that prices fell.

It was a boom that saw stock markets soar, as a whole new generation of companies focussed on the internet attracted a wave of investors' money.

As the euphoria took hold, some people even quit their jobs to become full-time share traders.

Others claimed that the internet had done away with calculations based on the "old economy" - but the boom turned out to be a classic speculative share bubble like any other.

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First broadcast on World Business News

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