9/11 Economic Analysis

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On September 11, 2001(9/11) terrorist attacks were the worst acts of terrorism against the United States. At 8:45 am local time in the New York City, on September 11th the United States awareness of protection was altered eternally. On this day, a Boeing 767 of American Airlines Flight 11 transporting around 92 individuals on the board ,impact into the World Trade Center’s North Tower. Nearby, eight minutes overdue one more Airlines Flight 175 as well owned Boeing 767, which the same was carrying almost 65 innocents on the board further collapse in the direction of the World Trade Center, at the South Tower (Figley 14). Additional two disasters were concerning taking place in two different districts and two different airplanes. The 911 disaster …show more content…
Virgo, claims “The index of leading economic indicators showed a deteriorating economy in the month before the attacks, falling 0.1 percent for August”. September’s index of outstanding economic measures sustained to drop down, it was the greatest collapse nearly six years. Expanding jobless declares that, falling stock prices, decreased manufacturing jobs, a weakening in the service economy. Unemployment has unrelieved to lift since the 9/11 terrorist attacks. In October 2001 statistics proclaim that unemployment has increased since September to October from 4.9% to 5.4%.Manufacturing and Travel-related industries lost thousands of jobs, thousands of employees lost their occupation. For instance, since 2000, manufacturing and many others industries have lost more than one million jobs (Virgo 355). In agreement with David B.Yerger statements that the United States economic damage of September 11, 2001formulates a sum of almost accurate 171 billion dollars, established on 27 billion dollars in goods deterioration and repairing,11 billion dollars for relief and relevant consummation, other $21-$24 billion in financial worth of lost lives, and $109 billion in lost economic profit …show more content…
Some analysts have declared that “everything changed after 9/11” (Karim 1).This means that the United States have impacted with multiple obstacles since the 9/11 terrorist attacks. For instance, ten years after attacks American’s economy and security failed down. Almost ten years after terrorist hijackers rotated airplanes business toward overwhelming armament, Osama bin Laden, was killed all the while a U.S. military attack in Pakistan. However, only the future will let people know if the death of Al Qaeda chief, will build up the confidence and protection that Americans ever indentify in air travel, possibly the biggest improvement in mass transportation in biography (Wall II 24). According to Philip R. Wahl II claims that metropolitan areas have recorded lessens in commerce economics. To illustrate, Atlanta arched an 8% collapse in commerce travelers, around 10.8 million dollars from 2008-2009. Although, business traveler expanding reduced from 17% to 4.4 billion dollars in that interval it was higher than the federal drop of 11%

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