Compare How Centralized Systems Were Used When Mainframes Dominated Data

question 48

Essay

Compare how centralized systems were used when mainframes dominated data processing to how they are currently used.

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Definitions:

Great Recession

A significant worldwide economic downturn that began in 2007 and lasted until 2009, marked by high unemployment and severe financial instability.

Gross Private Investment

The total amount of investment in the economy by private sector entities, including investments in equipment, structures, and inventory changes.

Obama

Refers to Barack Obama, the 44th President of the United States, serving from 2009 to 2017.

European Trading Organizations

Consortia or groups in Europe that facilitate trade, such as the European Free Trade Association, aiming to promote economic cooperation and reduce trade barriers.