Economic Impact Of 9 / 11

September 11, 2001 (herein referred to as 9/11) was a day in American history, which will be remembered as the most horrific attack on American soil. This attack, carried out by nineteen Islamic extremists, was associated with al-Qaeda, and involved the hijacking of four airplanes. Two of those airplanes were hijacked and flown directly into the World Trade Center in New York City, New York. The third plane’s target was the Pentagon in Washington D.C., and the fourth plane was brought down in Pennsylvania where it is believed the passengers aboard fought the hijackers. This horrific day in history cost over 3,000 people their lives, and was labeled the worst attack on American soil since the attack on Pearl Harbor during World War II.

There have been many turning points in American History; however none have the same effect as September 11, 2001, and many Americans relate the day to the country’s loss of innocence. As a result of 9/11 many American’s lives were affected emotionally, physically, economically, and politically.

The September 11 attacks were set of four terrorist attacks controlled by al-Qaeda, an Islamic terrorist group. On September 11, 2001, four aircrafts were hijacked by the terrorists; two of the planes hit Twin towers in New York, third hit the Pentagon and the fourth one crashed into a field near Shanksville, Pennsylvania (“9/11 Attacks”). The September 11 attacks had several long-term negative effects that include Social effects, Psychological effects, Physical health effects, Economic effects and many more. But of all those effects, Economic effects were the most suffered ones. The 9/11 attacks triggered the devastation of American economy (Miley). Although it has been 12 years since the episode and America has recovered a lot, American

September 11. 2001 was a major turning point in American History, and its political and social impact can still be felt today. The tragic event shook the entire country on the civilian and federal level. Before 9/11 many did not think that a plan of terrorism such as that of Osama Bin Laden's would be able to come to fruition because they had great trust in American security. The destruction came as a wakeup call to the federal government and American citizens themselves. National Security became the first thing people thought of when they traveled, and civilians looked to the government for reassurance that they were safe. The federal government's plan of action was to pass a series of acts that would go on to create the Department of Homeland Security and Transportation Security Association. Along with the creation of more strict security measures came the question of "who is a terrorist?" within the country. The formation of the DHS, TSA, and increase of Islamophobia are some examples of the lasting effects that 9/11 had on the country.

On September 11th, 2001, the worst terror attack on US soil took place. 19 people associated with the Islamic extremist group al-Qaeda took 4 airplanes and carried out suicide to kill people in the United States. Two of the planes hit the World Trade Center, another plan hit the pentagon just outside Washington, D.C, and the fourth plane crashed in a field in Pennsylvania. These attacks caused massive destruction, forcing the U.S to combat terrorism and “defining the presidency of George W. Bush” (History). 9/11 is one of the most tragic events in the history of America, minute by minute people feared and this fear brought the country together in a way that it never did

The events of the terrorist attack on September 11, 2001 changed not just the American way of life, but the way in which terrorism will forever be viewed. Moments after the first plane changed our way of life by crashing into the first tower, it also changed the way people will live their lives for many generations from that point forward. For the first time on Continental United States soil, America was under siege.

On the morning of September 11 2001, terrorists hijacked four planes from American Airlines and United Airlines with the goal of ruining the U.S economy. Two of the planes achieved their goal and targeted both towers of the World Trade Center along with the Pentagon, resulting in the death of approximately 2,975 people. The events that took place on this day had a great impact not only in America, but around the world as well. After this day there were major changes in air travel, new government regulations, and a financial crisis.

September 11, 2001 was a very horrible day. The twin towers was hit by 2 planes. The 2 planes hit the sides , middle of the buildings. When the planes hit , their was people inside working. The planes hit like mid way through the building. The people was struck at the top of the building but the people who was below escaped. Some people was hurt or killed because of the planes and the buildings. Some thoughts of 9/11 still plays through people heads from time to time.

On that September day there was a tragedy in the United States, 9-11-01. Even if some of us were not born, we still know what happened. This event affected a lot of people and many were heart broken. The people who had the nerve to do this, Al Qaeda, a terrorist group that was located in Iraq. This essay will focus on the effects of the attack. Although this essay will cover quite a few effects it will not cover all of them. The items we will cover will range from new anti-terrorist organizations to slight airway fees.

On the morning of September 11, 2001, an Islamic terrorist group known as al-Qaeda carried out a series of four attacks on the United States. The most well-known attack is when two commercial airline planes crashed into the Twin Towers in New York City. Many innocent lives were lost and families were torn apart. While many Americans were determined to show their resilience towards the attacks, this is a day many Americans will never forget. Although the attacks happened sixteen years ago, Americans are still dealing with the impacts these attacks have had on life in America. The 9/11 attacks have had several long-lasting effects on everyday life in America, some of which include an increase in airport security, a change in national security, and an increase the fear of terrorism.

Steptember11, 2001 there were three; airplane’s that have been hijacked by Islamic terrorists. Three planes crashed into U.S landmarks, The Pentagon, North and South ends of The World Trade Center. The attack claimed the lives of 2,996 Americans, including 19 hijackers and caused the deadliest attack in America’s history but also in in Firefighters and law enforcement history as well. Soon after the attack, suspicion for the attack fell on AL-Qaeda the Government quickly responded with The War on Terror and invaded Afghanistan. The man who thought to be behind the attack was Osama Bin Laden. The attack had a significant impact on the economic. In New York City, About 430,000 job-months and 2.8 billion dollars in wages were lost in the three

September 11th, 2001 is now a date discussed in history lessons. While the post-9/11 generations may not have witnessed the changes of this tragic event, which rapidly filled every crevice of US society, they have an entire generation ready to narrate what they witnessed on and after that day. The expeditious reaction made a permanent mark on American culture.

For my term paper, I am going to answer advanced question number 17 from chapter 6 on page 198. Within a few days after the September 11, 2001, terrorist attack on the United States, the Federal Reserve reduced short-term interest rates to stimulate the U.S. economy. How might this action have affected the foreign flow of funds into the United States and affected the value of the dollar? How could such an effect on the dollar have increased the probability that the U.S. economy would strengthen? (Madura, 2011) I will briefly describe about September 11 attacks in the following paragraph.

However, the deaths are not the only loss the 9/11 attacks created but the economic costs were also a significant blow to the United States. The direct cost losses being related to the damage caused by the destruction of the buildings include but are not limited to; the loss of the four civilian aircrafts with a value of $385 million, the replacement cost for the destruction of the buildings amounting to $4.5 billion, $10 to $13 billion of property and infrastructure damages, a loss of 17$ billion in lost waged and direct job losses along with considerable losses exceeding $45 billions in insurance industry and traffic revenue (Institute for the analysis of Global security). But the damages don’t cease there. In fact, according to the report published by Watson Institute for International Studies of Brown University, the US governments’s

On September 11 2001, an attack was made on United States. Four systematic terrorist attacks were pulled off by the group al-Qaeda simultaneously bringing down the World Trade Centre in New York and damaging the Pentagon in Washington D.C. As extensive and in depth as the cause for the attack may have been, September 11 is an event that has undoubtedly left its mark in American history. A turning point, as some would call it, of the political, social, and economic systems of the United States. Quickly following the terrorist attack on 9/11, President George W. Bush called for a “war against terrorism.” Instead, what truly occurred was an act of counter terrorism. After 9/11, the political system of America took a turn for the worst;