Many people became instant millionaires during the so-called dot-com boom of the late 1990s, although we usually think of social mobility as a result of individual effort. This is an example of
A) structural mobility.
B) wise investing.
C) savvy technological genius.
D) horizontal mobility.

Question

Quizplus · Accepted Answer

The dot-com boom created structural shifts in the economy, with entire industries emerging and expanding rapidly. As a result, many people experienced structural mobility, moving up the economic ladder due to changes in the overall system rather than solely individual effort or investment choices.

Many People Became Instant Millionaires During the So-Called Dot-Com Boom