1994 – US Companies Get Aid
from Government
The
Clinton administration unveils a multimillion-dollar program to aid US
companies that make flat-panel display screens as part of an effort to help the
industry stay afloat in light of Japanese domination of 95 percent of the
industry. The funding comes partly from the Defense Department, for use of flat
screens on military equipment. The flat-panel display market had previously
been limited to laptop computers.
2001 – Dennis Tito became the first “space
tourist” in human history paying his own way to the International Space Station
aboard a Russian Soyuz spacecraft.
2003 – iTunes Music Store
Launched; Record Execs Wet Themselves
Apple
Computer launches the iTunes Music Store. The store sells music for 99¢ song
for use with the Apple iPod and iTunes software. It is not the first service to
sell digital music, but it will become the first to gain widespread popularity.
The service will be an instant success, selling over one million songs in its
first week and going on to change the music industry forever. The iTunes Music
Store is now the #1 music retailers in the United States, surpassing Wal-Mart
in 2008.
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