The attacks on September 11, 2001 devastated the United States in more ways than one. The initial concern one might think, would be the emotional crisis our country entered after the attack, but the most impactful would have to be the economic downfalls the United States went through in the months and years following the 9/11 attacks. When the attacks occurred, we had already been in the 2001 Recession since March of that year. For the first time since the Great Depression in 1933 with President Roosevelt, the stock market closed until September 17th. This, in turn, caused the Dow to have its most severe one-day fall in history. A War on Terror was then launched and this brought along the increase in spending on national defense. A debt
