Silicon Alley

The Rise and Fall of a New Media District

Michael Indergaard

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English

Routledge
07 January 2004

Regional studies; Media studies; Information technology industries; Impact of science & technology on society

Series: Cultural Spaces

The 1990s dawned with a belief that the digital

revolution would radically transform our traditional notion

of cities as places of commerce and industry. Many predicted that digital technology would render cities, or at least their economies, obsolete. Instead, precisely the opposite happened. The IT-intensive firms of the 'new economy' needed to be plugged into a sizeable network of talent, something that established cities like New York and San Francisco provided in abundance. In addition to creating new types of jobs and luring thousands of workers back into the city, new media

districts created a new techno-bohemian urban culture. With

vignettes of the high-rollers in New York's new media economy and stories of wild parties in downtown lofts, Michael Indergaard introduces us to the players in this new economy, and explores this intersection of commerce and culture in 1992 New York. He also reveals how the dot-com crash laid bare the hidden connections between the so called new economy of new media and the ages old engines of New York wealth: real estate speculators and Wall Street. Chronicling the go-go years and ultimate crash of the new media district, Silicon Alley is a brilliant account of how hype forged a marriage of technology and finance, which in turn generated a new urban culture.

By: Michael Indergaard
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 19mm
Weight: 440g
ISBN: 9780415935715
ISBN 10: 0415935717
Series: Cultural Spaces
Pages: 236
Publication Date: 07 January 2004
Audience: College/higher education , General/trade , College/higher education , Primary , ELT Advanced
Format: Paperback
Publisher's Status: Active

Michael Indergaard is Associate Professor of Sociology at St. John's University in Jamaica, NY.

Reviews for Silicon Alley: The Rise and Fall of a New Media District

Highly recommended. -- Library Journal Mr. Indergaard has some useful things to say about what can be rescued from the glory days of Silicon Alley. He points out that real estate innovations during that period, particularly in the Flatiron District, could be appropriated for the rebuilding of lower Manhattan, specifically in regards to office space and the open flow of capital. But his strongest argument is that the most important change during the period was in the culture of young people. -- The New York Sun Mr. Indergaard has some useful things to say about what can be rescued from the glory days of Silicon Alley. He points out that real estate innovations during the period, particularly in the Flatiron District, could be appropriated for the rebuildings of lower Manhattan, specifically in regards to office space and the open flow of capital. But his strongest argument is that the most important change during the period was in the culture of young people. -- New york Sun Editorial Abstract . -- Reference and research Book News