Economics Project Abstract
AN ANALYSIS OF CONSUMER AND COMMERCIAL CONFIDENCE IN THE WEB DEVELOPMENT INDUSTRY
FOLLOWING THE TECH WRECK
OF 2000-2001
Presenters:
Sravisht Iyer, Illinois Mathematics and Science Academy, 1500 West Sullivan Road, Aurora, IL 60506; sravisht@imsa.edu
Alan Xiang, Illinois Mathematics and Science Academy, 1500 West Sullivan Road, Aurora, IL 60506; yjxiang@imsa.edu
Advisor:
Michael DeHaven, History and Social Science, Illinois Mathematics and Science Academy, 1500 West Sullivan Road, Aurora, IL 60506; dehaven@imsa.edu; 630-907-5889
Abstract:
The Tech Wreck
is a term for the collapse of the
technological sector that occurred in late 2000 early 2001. Since that time but
prior to September 11, consumer confidence as measured by the Conference Board
fell more than 25%. It was our intention then to measure how receptive the
private and commercial sectors were to investing in the web industry, an
Internet related field. To do this, we formed a group of web site technicians
and solicited business from the two sectors. By distributing questionnaires to
our clients, we hoped to gain an insight into why they chose to invest in the
Internet and if they didn't want our services, why they chose that. After
attempting all this we were only able to convince one client, and we are
currently in contact with one more, both of whom own businesses. Thus, we have
deduced that people are hesitant to invest in web development, and that those
who are members of the business community, where there is a potential return on
investment.