The Great October Crash 08 is one of the most important events for all economists and financiers across the globe to study and understand the implications on various other sectors of businesses.
The Great Depression of 1930's have become so common to everyone's ears nowadays. Imagine long lines of gaunt men, caps in hand, stressed out looks waiting for soup handouts; the picture is a bit similar to today's world, but yes, the times have changed.
Back in 1995, Harvard Business School professor James McKenney called computer costs an "insatiable economic sump" for businesses. From the time the first mainframes were installed in offices in the 1950s, companies have been pouring cash into information technology, much of it going to upgrade existing equipment and programmes.