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Capitalism In California

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Wired Money: The Rise of Information Capitalism in California California, Silicon Valley, the home of technical innovations, websites, and social media with companies such as Apple, Google, and Facebook. Our present day birth place of every technological advancement industries in the country, and probably the world. For every possible future computer scientist, informational technologist, computer engineers, and many other skilled technicians, it’s their ideal location to thrive, to build their life, and career at. In other words, it’s the Holy Grail of technological industrial location in Northern California. Whenever we mention or hear about Northern California, most of the time we would think of Silicon Valley and its technological industries. …show more content…
The only technology company that was in the Santa Clara Valley was HP, Hewlett- Packard Company, which was founded in 1937 (Saxenian). In addition, it was supported by the University of Stanford at the time, but was disconnected when the company moved to Southern California (Saxenian). With one large technology company founded in California, another company came into the spotlight. The company that entered the scene was Apple, founded in 1976 by Steven P. Jobs and Stephen Wozniak (Chan and Olin). The founding of these companies was the very beginning of a prosperous California in the technology industry. What gave a further push for California to grow in the technological scene was when Apple became a $2 billion company (Chan and Olin). With one company having such high value on its name, it gave many new entrepreneurs in the tech- industry to view California as their next best investment location to start their business. After that, it was one company after another that started to prosper in the Silicon Valley. Making many of the new entrepreneurs instant millionaires. However, when there’s talk of economy, politics is never too far …show more content…
How, one may ask? Well, according to the article Faith Alchorn Ties Information Technology to Political Campaigns, 1988, in Chan and Olin’s book Major Problems in California History, presented that a politician, Art Agnos, took advantage of the technological advancement by using a campaigning computer software to help him and his team of volunteers to organize his voters contact information and plans for fund raising events accurately at all time. Who would have thought that politicians at the time would take advantage of technological advancement such as a computer software instead of television and radio. Either way, it showed the growth of the tech-industry in California and how the growth is impacting the state and the country. The growth of the industry had such a presence that the politician took notice, and used it for their advantage besides for military purposes. A political growth that only occurred when technological industrial growth shifted from the east to the west. A shift that changed the industry’s history, the country’s history, and California’s

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