How '90s Internet Destroyed the Economy

How '90s Internet Destroyed the Economy | The "Dot-Com" Bubble

Рет қаралды 183,754

Күн бұрын

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The 1990s were a magical, optimistic time for technology. The Cold War was over, economic opportunity was booming, and it appeared as if we were finally on track to achieving world peace. “The future” was finally here. Although these were factors that primarily applied to the United States, their effects were also felt worldwide, thanks to a new technology which quite literally connected all of us together and manifested an attitude which hadn’t really existed prior at such a large scale: the ambition to change the world. This technology was called the Internet.
You may have been born too late to explore the earth, and too early to explore the universe, but don’t fret, there was now a whole, new world out there that remained largely untouched: the Cyberspace. Travel would now be for pleasure rather than necessity; you could meet whoever you want, be whoever you want, instantly and with just the click of a button. Much like the vast, unending space to the internet itself, people felt there was no limits to what their capabilities were. And naturally, hundreds, then thousands of websites would pop up, providing services for just about anything. Venture capitalists were ALL over it, throwing money at just about anything that ended in (dot)com, taking the already flourishing economy to limits that were beyond comprehension. For the first time, anything was possible, and any opportunity was good opportunity. But what happens when you take this too far?
What followed would be an economic disaster of global proportions. As much as $5 trillion lost, thousands of businesses now bankrupt with very few survivors left over, and a recession has formed. The once flourishing, seemingly unstoppable force of the World Wide Web, now returning to the valuations it had before its commercialization in 1995. Perhaps this wasn’t a new medium for achieving the American Dream, but instead just an economic bubble: “the Dot-Com Bubble” as it would soon be coined. The entire ordeal showcased that this new cyberspace was really just a continuation of the real world and its very real problems, rather than some utopian escape from it. It was the illusion of success and a false pursuit of happiness that led to such devastation which left people no other choice than to lose most of their trust in this new digital realm, instead of, you know, looking inward.
But what do these things entail? In retrospect, avoiding the catastrophic results of the dot-com bubble seems very obvious. How could some of the brightest investors in the world make such ridiculous decisions? Did people really not learn from the mistakes of the past? What’s interesting about the dot-com bubble is that, it does share many parallels to the economic crises that have surfaced throughout history, but just like the internet itself at the time, was something new and faced problems that hadn’t existed before. And these problems were intensified by a sensationalized yet uncertain outlook on the future. So, what was the strange tale of the dot-com bubble, and how do we prevent something like it from ever happening again?
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@nationsquid 9 ай бұрын

The *first 100 people* to *download Endel* by clicking the link will get a *free week* of audio experiences! bit.ly/nationsquid

@Tretheperson 9 ай бұрын

🪬

@jovanruzic418 9 ай бұрын

Good! 👍

@TheNooberGoober 9 ай бұрын

6 likes?

@jovanruzic418 9 ай бұрын

@@TheNooberGoober Now it's 7 because i liked LOL 🤣

@jovanruzic418 9 ай бұрын

@@TheNooberGoober And it's now 6 again

@UnknownFlyingPancake 9 ай бұрын

Honestly the internet benefited from businesses noping out out it. The internet in the 2000's was so un-commercialized and driven by hobbyists with the motivation to share their passions rather than making money.

@surject 9 ай бұрын

The Scene in its prime.

@CZghost 9 ай бұрын

Yeah. Then people realized that they have to spend money to keep websites alive, which means they had to somehow make money from the websites to keep them alive. Which commercialized the internet again in 2010s. And it's going only downhill today.

@dcfc 9 ай бұрын

We have different definitions of 'benefits'

@ENNEN420 9 ай бұрын

Haha glad they never came back . . Please let us go back to the good days, corporate overlords

@seanc.5310 9 ай бұрын

Not sure if I agree with that at all. The 90's internet was free for nearly everything once you had access.

@yaboymintz 9 ай бұрын

There are 3 tech bubbles I personally expect to burst in the 2020s- The first and most obvious one is the Crypto/Web3/NFT bubble. While you could certainly argue that there may be value in those technologies (some more than others)- a vast majority of the investors are treating it like a pump and dump scheme. I'm lumping all 3 of those into one bubble as that seems to be what most of the investors are doing. The next bubble I think will burst is the AI bubble. AI is something that will never go away and is an incredible advancement- but much like the internet in the 1990s investors are starting to blindly throw money at any AI idea that has potential to take off- regardless of if the company actually has the capability (or intentions) to do so. The third is the Big Data bubble. For decades now companies have been mass collecting internet data on people and it's become digital gold. However, I'd wager that for most internet users- over half the data collected is either junk data or misleading to the companies paying for it. and that's not accounting for recent controversies such as Google's adsense fiasco. I'm just some jackass on the internet, so obviously don't take this as investing advise lol.

@natetechr 9 ай бұрын

You matter, guy or girl. You matter.

@Diwasho 9 ай бұрын

I hope you're right on all three of these.

@SiddhantaPaul80 9 ай бұрын

This is the most expected yet unexpected outcome! Well, Good Prediction bro!

@misterw591 8 ай бұрын

We ain’t reach the Blockchain bubble yet but we are nearly there. That’s what’s next. AI after

@coolman6139 7 ай бұрын

Thus will start third golden age of internet.

@ericcarabetta1161 9 ай бұрын

The Dot-Com bubble, was Millennials first introduction to the perpetual cycles of collapse and economic devastation, that would be regularly destroying any possible chance they had at a comfortable life. We got sold a future that was soon to no longer exist.

@attill2508 9 ай бұрын

Boooo, u're not fun

@asmrtpop2676 9 ай бұрын

Not just sold, then, we were gaslit. Over and over and over. We would look at the patterns but be told no no, do this, go to college, invest in this, get this unpaid internship, work hard at this job and just do what you’re told and never complain… it’ll all work out. And we got screwed over again and again and again and those same people who we trusted that told us to do that? Now blame us for those decisions. Mom, you were sitting next to me when I was 18, telling me to sign those loans. I believed your insight. I trusted you.

@retrocompaq5212 9 ай бұрын

some knows how to get a comfortable life with that, so much that one went to space and another one has a space program to his name, the gen x not embracing that is the issue, there are still a ton of useless buisnesses run by genxers and their belly button dream where i live, tons of overpriced restaurants that serves empty plates with flowers or thingammajiggys markets that all going bankrupt and hurting the economy, they didnt raise their kids so now at 15-25yo their kids (not millenials) wont go to work and usefull buisnesses that sells worldwide cant get decent young employees to ensure the future of their buisnesses, 2 gens that rather ride bicyles naked or dressed as a drag queen than doing anything usefull for the future of the civilisation

@Ie1222_ 9 ай бұрын

And now you're so "poor" you collect funko pops and starwars merch, yeah right.

@aromanticfranziskavonkarma 9 ай бұрын

@@Ie1222_ I've literally never met a millennial that actually did that lmao

@NintendoSunnyDee 9 ай бұрын

I just want to say, the whole "speculation market" issue was prevalent in the 20's too. A huge part of why banks ran out of money was due tk their investing.

@gratuitouslurking8610 9 ай бұрын

And naturally, as brought up, cryptocurrencies are similar in general to such speculation markets. Combined with high-profile frauds and failures taking advantage of the investment money being thrown around though.

@lainiwakura1776 9 ай бұрын

And why the Glass-Steagall Act was put in place... which Clinton repealed and led to the 2008 housing crash.

@drewbabe 9 ай бұрын

it's a cycle that always occurs in capitalism that economists since the 19th century have been writing about. it's inherent to the system. it's what happens when the most selfish and shortsighted get ahead the furthest and push the rest out of the market. the system is set up to fail. ending capitalism is the only way to end its problems

@redline841 24 күн бұрын

Every single time

@whatwhat9519 9 ай бұрын

My only regret is not being old enough to work as a web developer in the 90s

@surject 9 ай бұрын

I did my first (commercial) website in 1996, doesn't mean much.

@rubyy.7374 9 ай бұрын

@@ghost_mall Exactly.

@JustinEdwords 9 ай бұрын

Macromedia dreamweaver

@Mahpoosaylips 9 ай бұрын

@@surjectis it on the internet archive?

@georgeg331 2 ай бұрын

Ymmv but It wasn't fun, challenging yes but you ended up hitting walls very soon. Dialup everywhere, most sites had to be static, browsers very frail, and everything rendered in weak CPUs Actual webdev skills needed back then was only true serverside, perl/cgi scripting, later maybe coldfusion. Only after 98 things started to change faster, imo 99-15 were the golden years

@FaithMurri 9 ай бұрын

You legit explained the Great Depression better than anyone ever. I never understood it until now 😅😭

@ChrisHilgenberg 9 ай бұрын

He elaborated I think that banks were also purchasing things on credit as well in a different way as there was very little regulation on what banks could do with how to invest in the market back then.

@ruthlessadmin 9 ай бұрын

I think something similar is about to happen with the attention-based advertising bubble. Having an economy where a significant portion of labor is centered around content creation & hosting platforms is not sustainable under any circumstances. Oh, there's also the bigger bubble of central banks all over the world endlessly printing new money, which only creates more debt & poverty for future generations, while increasing the ruling class's wealth & power.

@ENNEN420 9 ай бұрын

Worst part about the latter is that unlike the former, we have a LOT of examples of the repercussions of it throughout history.

@a_creamsy1st228 9 ай бұрын

How isn't it sustainable?

@ruthlessadmin 9 ай бұрын

@@a_creamsy1st228 Laws of thermodynamics. Always get less energy out of a system than is put in. Once the masses are consuming more energy to make & consume content, than they are contributing energy/service/work back to the system, it will eventually burn itself out (probably not without a great deal of turmoil in the process).

@pcdm43145 9 ай бұрын

@@a_creamsy1st228 That's an interesting question... If I were to guess at an answer for why the "attention-based" economics of today's internet isn't sustainable, I'd look at two reasons, in particular: 1) The internet is a gaping maw, ravenously hungry for more & more "content," so the major platforms deliver advertising to audiences, which is how they actually make their money. Individual content-creators will either suffer burnout from the relentless pace of providing more new material, or the market will become over-saturated with too many content-creators, lowering the value of each individual effort, with most not making enough money to recoup the production costs, let alone become profitable. That "churn-'n-burn" model can make the platforms money, but might eventually lead to a widespread "content-collapse." a good example of this is Spotify, and their exploitation of musicians, from famous to obscure, by paying them a pittance for their songs. 2) The survival of any platform is not guaranteed, no matter how ubiquitous or important it may seem, right now. The commercial internet is barely 30-something-years-old, but is littered with "elephant graveyards" of once mammoth platforms. And public attention is a _very_ fickle thing. A good example of that is Twitter, a company which even its most ardent users seemed to despair about (or just flat-out hate)-- and that was long was before Elon Musk bought it, seemingly hellbent on crashing the bird into the sea... Those are a few things that just popped into my head. In fairness, though, I can't speak for the original commenter, @statikreg , but maybe he'll expand on his comments, later. Hope that was worth the read, haha. What're your thoughts on the matter? All the best, my friend.

@nahuelpintocavilla8190 6 ай бұрын

@@a_creamsy1st228Without knowing enough about economy to answer this perfectly, I also think the 'influencer economy' is kinda inflated: lots of people watch lots of content, hence ads are seen time after time and influencers get paid for it, but I can't remember one product I have bought after seeing it on a KZfaq ad or on an ad from an influencer, and I think that kinds of ads don't really make as much revenue back as they cost, and, most of all, I don't think they could really pay as much influencer jobs as they are paying now. A period of recession may make this alleged really more apparent, and lots of entreprises may be broke or stop spending as much on this kind of advertising, thus making the influencer economy collapse and causing lots of influencers stop creating content. We may be seing some hints of it on the fact that lots of content creators must work a lot to gain enough and lots of youtubers are now entire companies depending on this economy. It may or not happen, but it seems plausible for me. Edit: I forgot to say that it also has the problem of being oversaturated and extremely prone to overregulation problems that may affect it massively.

@jonbourgoin182 9 ай бұрын

I miss the 90s and early 2000s so much. I dont miss dial up though.

@kareemmohammad5221 9 ай бұрын

Edit because what i said wasn’t that accurate:I think that it didn’t destroy the economy ,it was like teenage years so what was before it was childhood and the beginning of being something someone ,then comes the weird teenage years and these changes that will make you better and a reliable someone what comes after it is being a strong adult which is the good and reliable internet we know today and and the internet before is what prepared us for this. And thanks.This is good content quality.

@internet_userr 9 ай бұрын

@oqocraft2661 9 ай бұрын

@cargoshort 9 ай бұрын

okay, b0ommer 😂🤪🤓

@nationsquid 9 ай бұрын

Yes and no. It certainly did start a new economy, which is why so many people were excited! But when that economy crashed, people still lost most if not all their investments. For some hedge-fund managers, that was HUNDREDS of MILLIONS of dollars, and some of that was gone overnight. Truly terrifying! Could you imagine that happening right now?! When people lose that much money, they can't afford to really buy anything, which in turn hurts other aspects of the economy that are completely unrelated, because less money is now in circulation. It creates a domino effect. So yes, quite literally because of (dot)coms, the United States entered a recession in the early 2000s. Thanks for watching!! :)

@goobner420 9 ай бұрын

@frankieslounge 9 ай бұрын

"In an attempt to be as apolitical as possible, this is a big reason why the US healthcare system is so terrible" The fact that people have to start fundraisers in order to afford insulin sounds like a dystopia to us Italians (and I think it's the case for most European countries) Anyway, keep up the good work

@shigushigu741 8 ай бұрын

Not so fun fact! Its cheaper to buy an Xbox than to buy insulin in the USA

@shasmi93 6 ай бұрын

Yaaaa but most of the medicine and advanced medical technology you other countries have, you only have because of americas super capitalistic system and hard knock ways of invention and imagination.

@djoh615893 6 ай бұрын

We are also the fattest society ever on Earth, so there is a good reason to gouge before someone makes a change to that system

@shasmi93 6 ай бұрын

@@djoh615893 that system is already changing. Ozempic is all the rage and there is a new drug similar. That’s even more effective that just came out and they expect it to be the best selling drug of all time. It cause weight loss of a evade 50 pounds in 6 months. Obesity is already quickly on its way out. It’s gonna be crazy how fast things change.

@Apanblod 9 ай бұрын

The way websites were designed back back then makes me very nostalgic. I wish I could occasionally surf the web just like it was 1996 again! 🙂

@WatchMeBeLegacy 9 ай бұрын

Same I miss seeing those old simple websites and graphics

@wwg2005 9 ай бұрын

@@WatchMeBeLegacyVisiting The Way Back Machine/Internet Archives helps a lot :')

@JustinEdwords 9 ай бұрын

There are various recreations of it.

@girlkisser 9 ай бұрын

it will defo not be the same thing but one place i reccomend is neocities . basically a modern recreation of geocities . theres probably many more like it but i cant really remember them atm

@shaunearle3223 7 ай бұрын

I came across a website the other day that really hadn’t been updated recently and it had a lot of old school web page vibes, and I really enjoyed clicking around blue links that are left aligned in a column lol.

@Kiiltec 9 ай бұрын

The old internet was so much better... sure it was slow , but it was a place of mystery and wonders, hardly regulated... a place of expression with every website being a new adventure using very different designs and structures without annoying ads. Nowadays it all genuinely just looks close to the same with ads everywhere and it genuinely lost its charme in that regard.

@wasd____ 9 ай бұрын

Imagine using the internet today without having an ad-blocker to turn off all those ads...

@Kiiltec 9 ай бұрын

@@gina-hp2jo yeah , but hey i never had too much issued with viruses. Sasser I think was the worst I caught.

@Kiiltec 9 ай бұрын

@@ghost_mall well , yes and no. One can say it got streamlined and more efficient to the point of loosing most of its charme. Nowadays in many cases , for the most part, the net is all about the big players. It is convenient, sure, but it comes with heavy drawbacks aswell. It is a 2 sided blade really. Personally I would still prefer the older web~ sure it is less convenient , but it was just genuinely more fun and interesting to use. It all feels incredibly commercialised nowadays and really only focusses on the big few.

@Kiiltec 9 ай бұрын

@@ghost_mall maybe a timeline in which the concept of mega corporations does not exist or failed, heh.

@starspeaker 9 ай бұрын

This video is so good, just like all of his other videos. Keep going NationSquid!!!

@OLKFLYTheRunner 9 ай бұрын

@highfiveanimations 9 ай бұрын

I am!

@pizzabossxd 9 ай бұрын

i am

@internet_userr 9 ай бұрын

Everyone: I am! OP: Time to change the comment to "Who else is ga-"

@highfiveanimations 9 ай бұрын

@@internet_userr lol

@eidiotwind2084 9 ай бұрын

You've been killing it lately, man. So many quality videos so quickly. Glad to see a fellow guy from The Valley making waves!

@nationsquid 9 ай бұрын

Keyes keyes keyes keyes on van nuys

@PuppyLuver256 9 ай бұрын

Moral of the story: don't trust venture capitalists, don't fall for get rich quick schemes, and don't put too much stock in the stock market.

@yookazi 9 ай бұрын

IM SO HAPPY YOU INCLUDED THE MALCOM IN THE MIDDLE CLIP YOOOOO Everytime I hear "Dotcom bubble" that scene plays in my head. Having it thrown in at the end of the video blew my mind bravo man

@harasen_haras5 9 ай бұрын

It'd be cool if in one of your videos could talk about the "any" key. How some users thought that "Press any key to continue" was referring to a specific key called "any", and how it affected developers' approaches to designing their applications. Just a small thing I thought was interesting and couldn't find anyone making videos on.

@justkevin09 8 ай бұрын

Simpson’s did it

@harasen_haras5 8 ай бұрын

@@justkevin09 True, but a reference in a cartoon is a little different than a video describing the history of "press any key to continue" and how the confusion affected future software.

@thaichicken0210 19 күн бұрын

Oh yes! That sounds right up the alley of this channel and I would find it really fascinating

@Riteshkrpanda 9 ай бұрын

In 20 years people will make videos How NFT bubble crashed , Suprising how this is so similar to NFT , cryoto market

@ChrisHilgenberg 9 ай бұрын

They're already making videos on how the NFT market has crashed, though I think you're talking about the point of time when all the NFT marketplaces have crashed and the items wiped where only the token exists in the blockchain used to mine it.

@XxGamezBoyz69xX 9 ай бұрын

The thumbnail is basically the definition of the 90s internet

@Makslaskabata 9 ай бұрын

@@barbieslegos8885 get off the web

@slyar 9 ай бұрын

Stay off social media till youre 13@@barbieslegos8885

@Octahedran 9 ай бұрын

@@barbieslegos8885 you have to be joking lol

@LavaCreeperPeople 9 ай бұрын

@@barbieslegos8885 lol

@slyar 9 ай бұрын

By all social media policies, they will ban you if they find out you're not 13+. The internet is a dangerous place anyway. I got my first taste of a toxic relationship at the ripe old age of 10@@barbieslegos8885

@xaulted1 7 ай бұрын

Crazy how after one quite obscure video release, "The Jamison Family" became the face of the 1990's internet.

@chocolover387 2 ай бұрын

"You may have born too late to explore the earth and too early to explore the universe." Love this line. It fits our generation perfectly.

@Amonimus 9 ай бұрын

As someone who didn't live in the 90's, I was looking to hear what Com Bubble even is, and I feel 19:11 is the only part that feels like an explanation.

@nationsquid 9 ай бұрын

Something to keep in mind is that the dot-com bubble wasn't just the result of online businesses not delivering on their goods and services. That was really just one part of it. It was also the result of a surplus of wealth among many investors due to good monetary policy, the decade's booming economy encouraging investing, and overconfidence in the internet because no one understood it, which therefore allowed people to disregard many of the mistakes of the past (and as you can see with the Great Depression, there are quite a few parallels. Investors not taking the worst economic disaster in modern history seriously into account is a HUGE red flag.). And then when all that capital dried up, the house of cards slowly started to fall, and that's when the section you mentioned entered the picture and brought things down even further. So yes, while companies failing to deliver on their promises was certainly the "how," there's also the "why," "what," "when," etc. I hope that makes sense! Sorry if it dragged on a bit. Just wanted to provide as much background as I could! Thanks for watching!! :)

@M.Evra91 9 ай бұрын

Basically, we didn't really know what the internet was back then. It wasn't mainstream. A lot of us didn't fully understand what a website is. All we knew was, that it was going to change the world. And because of that, every time a company created a company that had a website, investors would blindly dump their money in it. People were investing in things that they didn't understand. And at some point it became clear that investors were investing in a bunch of nothing. It became clear that just because you made a website, it doesn't mean that you'll be making a profit and everything came down crashing... It was kinda like DogeCoin X 1000

@sunnohh 9 ай бұрын

Just remember in ten years how stupid it is having a sandwhich delivered to you by a desperate dude with a delivery app and this video will make sense then

@retrocompaq5212 9 ай бұрын

@@sunnohh yeah a 50$ burger lol

@Amonimus 9 ай бұрын

@ghost_mall For IT my school (about 2013) told us about components of a computer, some binary math, Microsoft Office, turtle graphics, Pascal and HTML markup. Picked up networking and backend coding at college. If schools now have the history of computer science and technology, it's great, because I have little knowledge of history that isn't release dates of OS, protocols, or what's currently trending. I take this video required some prior knowledge before watching, so I apologize.

@uneasytrin 9 ай бұрын

you’ve really been killing it with the content lately I’m loving it!

@benmcreynolds8581 9 ай бұрын

So many people i know work so hard yet can barely afford the most basic cost of living.. It baffles me. Even tho Society is struggling, We are yet to even attempt to implement a concept around: "The better off the lowest income people are doing; The better off the rest of the economy could be doing." -Think of it like a ecosystem in nature. The littlest things might seem insignificant yet, if they crumbled away, the entire ecosystem could crumble. The last things remaining would be the top things in the food chain.. the whales would all be gone once the plankton crumble away, the sharks would eat the whales. Then once all that's left is sharks, the sharks would eat the sharks. *(Think of this but as a analogy for our economy and our modern day society..) If we instead decided to support the lowest people in the ecosystem, there would be a beneficial dispersion towards other aspects of the society benefiting. All because the lowest people would be flourishing. (I say flourish but I really mean: Able to obtain the most basic living standards..) Yet even that would Vastly improve our current state of our economy & society *Also imagine this analogy in our economy. The more help we invest in the lowest level people, the more it would trickle into every facet of our economy. If poor people can pay their rent & not go homeless: landlords would get $, businesses would get $, banks would get $, local small shops would get $, mortgages & bills could be paid, insurance companies would get $, Taxes would get $, So essentially that $ would go out & filter right back in to improve our Country while simultaneously improving our quality of Life. Every bit of the economy would somehow find a way to benefit off of this situation... I don't get why we haven't even Given it a chance?? If it doesn't help? Then by all means stop it and figure out what else we should do. (I hope we TRY something soon, before things get any more unstable. The worst thing we could do is continue on doing exactly what we are currently doing.)

@Budehgong 9 ай бұрын

You're right, that would be better. Now try saying what such a system would be called and watch the reactions :(

@ShadowSumac Ай бұрын

@@Budehgong I provide: communism is trash and no better than nazism / fascism. Also, it has nothing to do with the system described above, even though it is also questionable.

@ShadowSumac Ай бұрын

Doubt. If you shower poor people with money there is high chance they just shit all of them away. You need to have a system of social support, but one which shouldn't become a toy at hands of politicians or abuse at hands of beneficiars.

@frtzkng 23 күн бұрын

It would be better for everyone except the richest people who also happen to have so much political influence that they can easily lobby for things to stay the same

@frtzkng 23 күн бұрын

@@ShadowSumac It depends. A steady, sufficient income needed to cover all your expenses *as well as* social support is a way out of poverty. People are shitting away a certain fraction of their money no matter how much income they have; that's what's called _disposable_ income

@neanda 9 ай бұрын

what a ride, thanks mate. i lived through that, so quite nostalgic.. the way you present the information is so cool, it's relaxed and unbiased. please keep these vids coming 🙏👍

@breawycker 9 ай бұрын

Great video! Thank you so much for actually having captions

@verabjerkehagen 9 ай бұрын

I feel like your videos have been getting better and better for every video you've put out lately !!

@CandaceDikfittenyamouf 11 күн бұрын

2:34 As if that isn't the most evergreen statement about the internet that I've ever heard

@superharmony910 9 ай бұрын

another BANGER from nationsquid, keep it up king !!

@ColdSkyy 9 ай бұрын

just wanted to say I love your videos! keep up the great work chief

@megandelamar6194 5 ай бұрын

I’m binge watching all your videos. I love these and am learning so much lol

@believein1 9 ай бұрын

Keeping you in my prayers regarding the things you might be going through man. It’s always just temporary.

@yoshiyajoshuakiryu3198 7 ай бұрын

I was threatened with disownment if I didn’t go into computers as a career since “that’s where the money is”. I graduated high school in 99. I got my first tech job a couple years later. I lost that job just a few after that and never ever got the money I was promised lol. 😂

@regardingthepope 9 ай бұрын

I was just wondering about this the other day. Great video.

@wwg2005 9 ай бұрын

You're honestly such a ✨mood✨ I love your videos they keep getting better and better 🌟

@kurpoof- 9 ай бұрын

Great video as always. Been binging this channel and always happy with a new upload! Btw both band shirts are great 😊

@bannisray3683 9 ай бұрын

Ah! The Great Depression. Story of my life.

@IzzyMarrie 9 ай бұрын

Oh neat, I'll be able to see this when it drops! Looking forward to this one.

@LemonyDS 9 ай бұрын

Keep up the good work!

@LukeHDPlays 9 ай бұрын

great video !

@Sawyerdoesstuff 7 ай бұрын

This guy puts so much work into his videos and deserves more subscribers

@Tech_Code127-76 9 ай бұрын

Bruh, you should make more videos! This video I love!

@SoftBank47 9 ай бұрын

The Simpsons had a “Gilded Age” episode about this. I think it was the Angry Dad episode. “Help yourself to some more stock!” and the stock is a toilet paper roll, lol.

@izzatsufian2796 9 ай бұрын

The thumbnail is so epic.

@ToxPhy 9 ай бұрын

Cool skateboard tricks, amazing tips, and eating Boppo’s chips.

@Iamverypoliteyes 9 ай бұрын

Your voice reminds me of the narrator in the Curious George show and that makes me feel very safe and happy. Thank you

@AndroJonny95 9 ай бұрын

it's good to see growth with you covering this, remember a couple of years ago you accepted sponsorship from an NFT provider, so it's really nice to see you examining this stuff more critically now

@klocugh12 9 ай бұрын

Given how things are going, it sadly doesn't appear that we as a society learned much from that...

@matthewparker9276 9 ай бұрын

The introduction could easily be applied to cryptocurrencies and blockchain.

@nanapoohsmom4927 5 ай бұрын

3:52 omg I’m wearing the exact same Green Day shirt 😂 nice to see a fellow fan out there! 😂

@ladytomato7282 9 ай бұрын

8:18 Best reference!!! I love her! The cross over I never expected

@patchoulicolt7093 9 ай бұрын

OMG it's the topic I chose from the recent poll! I'm excited for this! 0:34

@Epic_C 9 ай бұрын

Ah the classic internet. Brings back memories. Such a simpler time.

@stanof21pilots 9 ай бұрын

cant wait to watch (25 more minutes)!!! :)

@DeathBaseTURBO 9 ай бұрын

I enjoy videos like this, Bit of a nostalgia trip

@ecocodex4431 9 ай бұрын

16:00 I will chime in here to state that yes, it is that high due to the love of his work. But I will also state it is high due to the rarity of Warhol's paintings. Yes, he has a fair amount of them and Warhol died not all that long ago, but not everyone can have one of his paintings. And not everyone can have a genuine Orange Prince. But ultimately you are right, a lot of it is due mostly to speculation.

@nationsquid 9 ай бұрын

Very true points! Thanks for watching! :)

@wasd____ 9 ай бұрын

No, it really is just due to the perception that his work is loved and therefore people want it. Rarity in itself doesn't make something valuable just by being rare. I can go buy one canvas and paint exactly one painting, and if something being rare was an objective cause for value, my _one_ painting should be extremely expensive because my paintings are so rare. But that's not what would happen. I'm no one, and my one painting wouldn't be worth anything. I couldn't sell it for millions on that point alone.

@dark_sunset 9 ай бұрын

Seems like everything is going downhill these days. These "bubbles" in the economy created a false sense of security in young people like I was during that time.

@redred222 9 ай бұрын

it all goes back to the horrible way the usa economy was during the 1980s you think whats going on now is bad, times that by 5 and you get reagans economy it was bad in a way that are economy has never really got back to pre 1980s level

@LegendaryPhenom 9 ай бұрын

So many years, so many different bubbles... Makes me wonder when the AI bubble will burst, or will it be different?

@PkTaco 9 ай бұрын

I don't think Tears for Fears said that about interest rates

@nationsquid 9 ай бұрын

🎵 Help me to decide 🎵 🎵 Help me make the best investments 🎵

@supra107 7 ай бұрын

Say, that you'll never never never need it One headline why believe it?

@lShishkaBerryl 9 ай бұрын

A NS vid without a 4 day premiere notification taunting me endlessly? Yes please!

@georgeg331 2 ай бұрын

I'm surviving frequent tech "revolutions" since the 80s - bubbles and crashes are only due to enterprise greed, but are essential for an economic model to balance and technologies to mature.

@kazukisaudios2203 Ай бұрын

I’m high, and this channel is beautiful, literally my favorite

@c.r.8195 Ай бұрын

Karolina being referenced was something I wasn't expecting, but damn I was totally here for it 😂

@user-zx8de8op9l 4 ай бұрын

Well done

@ArumitTalukdar 7 ай бұрын

there is always a bubble around the corner because we as humans are inherently greedy.

@sanluisgonzaaga123 9 ай бұрын

cant wait for this

@jovanruzic418 9 ай бұрын

Me too

@serajuddin6092 9 ай бұрын

Finally what we asked for,from a text poll! 🥳🎉✨

@iAmPerflexed 9 ай бұрын

"If Apple decided to make them outrageously expensive, no one would buy them" Apple fanatics: HOOOOLLD MY LEFT KIDNEY!!!

@DGKChoice 9 ай бұрын

Why does this guy sound like the computer verison of nile red

@nikid3690 9 ай бұрын

Educational 😊

@jovanruzic418 9 ай бұрын

The thumbnail Is so epic!

@gaganpreetkaur6038 9 ай бұрын

How do you edit your videos so good? I would like to do it for my own channel.

@DavidMiller-kv4we 2 ай бұрын

I remember going with my dad to sign up for the internet 30ish years ago... he walked out with some floppies for his Windows 3.11 machine to connect.

@MakoNext 9 ай бұрын

I just wanna go back in time. Please God find us a time machine, put me in 1998 with 15 years old and let me live the glory of those times

@ma1ist 9 ай бұрын

the 2000s were great to be a kid on the internet

@UranusKiller 9 ай бұрын

Hearing "Netscape Navigator" gave me some really deep, unexpected nostalgia.

@xzs432 9 ай бұрын

i've never seen endel before, but me and my wife use a different appp for sounds asn sleep called white noise. good luck with the enjoyment of the using of sounds to find peace and relaxzation.

@djoh615893 6 ай бұрын

The 2000's was a wild time to surf the internet, and it started getting overt about clicks and monetization after that. I really loved the forums on a few sites.

@Angry84YouTube Ай бұрын

For me the biggest problems which also look like a triangle for me are: - Many people having short attention spans - People investing more money in games & subscriptions than real world items - Social media.... This one alone destroyed the ability for people to think with common sense I'm sure many will disagree or have their own lists..I just hope we can all agree science and space should be the focus. Side note: It feels like money is just a number now without any real world value any more since its now billions/trillions instead of thousands and millions combined with being nfc/mostly digital.

@scottbrown6305 9 ай бұрын

I remember this time quite well. If you listened with even a lightly critical ear, it was an obvious bubble. Too much jargon in the pitches that never defined what the actual function of the business was.

@lostfan5054 9 ай бұрын

THIS IS ABOUT TO BE SOOOOOOO GOOD

@Someguyhere111 9 ай бұрын

The American Dream sure leads to a lot of depressions

@D4n13ly 8 ай бұрын

5 Trillion wasn't lost. It just changed hands.

@stellartsuki 9 ай бұрын

Amazing video! There was a who is last war tho

@austingoodrich1468 9 ай бұрын

It's weird hearing the unedited song not going "cyberspace, cyberSex"

@redred222 9 ай бұрын

i miss 90s internet, i miss napster that was the thing, everyone was on napster

@ChrisHilgenberg 9 ай бұрын

I remember the days of AOL and playing around with the 'God mode' tools floating around (that did not give your computer cancer). I remember if there was someone I didn't like, I'd use the tool to email bomb them lots of emails, but only worked within the AOL walled garden. Crazy times 😅

@reichr 9 ай бұрын

NationSquid face reveal jumpscare!!!

@teddyfurstman1997 9 ай бұрын

1990’s Internet History is always fascinating.

@lostfan5054 9 ай бұрын

On your mark! Get set! We're riding on the internet :)

@combinesoldier14 9 ай бұрын

Cyberspace! Cyberspace!

@user-jv7uu8uu8n 9 ай бұрын

Bro that painting behind you looks something like Jan Levinson from the office had

@Phlegethon 5 ай бұрын

The 90s internet was great everyone trusted each other

@sunnyshiiiine 9 ай бұрын

interesting video!! and your t-shirt is very cool!!

@supra107 7 ай бұрын

The intro only made me think of the cs188 YTP.

@halfsourlizard9319 9 ай бұрын

Wage slaves buying now and paying later!? Good thing we put an end to that silliness.

@Ikatxu 6 ай бұрын

Okay, this is a nitpick about clumsy phrasing, but the cold war ending being a factor that primarily applies to the United States is the most bizarre thing to say that I've heard in a while. 🤔