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Economic impact of Sept 11. Economic impact of Sept 11 September 11, 2001 was a
day that Americans and the world for that matter will not soon forget. ...
... It is estimated that the total economic impact in Louisiana and ... Katrina also had
a profound impact on the ... from Hurricane Katrina." "The big crises like Sept. ...
... an effort to analyze the macro-economic impact on an ... by lowering their costs will
promotes economic growth and ... to have a profit every quarter since the Sept. ...
... lives will be lost -- possibly far more than were lost on Sept. 11. ... especially affecting
Middle Eastern oil facilities, and its economic impact is another ...
... changes in the Macro-economy does have some impact. ... Business Failure”) There are
many economic factors that ... remain fairly flat with activity before the Sept. ...
Submitted by Wldhrse on December 20, 2005
Category: Miscellaneous
Words: 1401 | Pages: 6
Views: 281
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Economic impact of Sept 11
September 11, 2001 was a day that Americans and the world for that matter will not soon forget. When two planes went into the twin towers of the World Trade Center and two others went into the Pentagon and a small town in Pennsylvania, the world was rocked. Everyone in the United States felt very vulnerable and unsafe from attacks that might follow. As a result, confidence in the CIA, FBI, and the airlines were shaken. People were scared to fly after what had happened.
The events that unfolded on September 11th and the days that followed also profoundly affected the stock market. It is the purpose of this paper is to examine what happened to both the Dow Jones Industrial Average and the NASDAQ after September 11th and how it is similar to events such as the bombing of Pearl Harbor, the Oklahoma City bombing, and the Gulf War in terms of how the stock market experienced a blow and bounced back after a while.
The stock market remained closed from September 11th until September 17th, almost a week after the attacks. When the markets re-opened after a weeklong absence, people were uncertain about what the numbers would be at the end of the day. Looking back throughout history, after a traumatic event such as the bombing of Pearl Harbor in 1941 and the Gulf War, the markets tended to go down at first but after a few months, they would rebound. When the markets closed on September 17th, the numbers were very bleak. “The Dow Jones Industrial Average was down 685 points, its biggest point drop in history, ending the day at 8,921. The NASDAQ was also down 116 points, closing at 1,580” (Stock Markets Reopen 1). These numbers also represented the major indexes lowest levels in about three years.
Along with the low stock index numbers of September 17th, the airline industry and travel stocks were also rocked. One of several airlines announcing layoffs, US Airways said that they would be...
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