Economic Implications of the 9/11 Attacks

             September 11, 2001 was marked as a somber day for the United States and for civilized society around the world. The World Trade Center (Twin Towers) were symbols of economic power in the whole world. Consequently it impacted many people's and companie's financial situation.
             The destruction of those towers and the devastation in lower Manhattan caused a lot of economic implication: tradings were disrupted for days and the U.S. dollar fell around the world; the unenployment rate went up considerable as thousands of people lost their jobs and companies lost their headquarters; markets fell sharply as people sold stocks as they perceived their financial risk had gone up (Investors that panic into a sale are almost always the most harmed financially by a crisis); the airlines were hurt as well because the air travels after that were completely stopped and they had a huge loss of money.
             those big companies weren't the only ones affected. The impact on small businesses was even harder because these were the "developing businesses" nearby the Center such as flower shops, restaurants, delis, etc., and they were shut down and had to relocate, losing money.
             The consumers als got away from the economic activity afraid of a possible depression.
             As we can observe, all of us are interconnected economically by businesses and we have to understant we live in a dangerous world where we cannot control de variables and a tragedy can change everybody's life.
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Economic Implications of the 9/11 Attacks. (1969, December 31). In MegaEssays.com. Retrieved 00:11, July 01, 2025, from https://www.megaessays.com/viewpaper/80134.html