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 …show more content…
Although the gas prices are steady between $3 and $4, it is $2 approximately more than it was before 9/11 attacks (Miley). Housing in America also had a significant impact due to 9/11 attacks. The average price for a house in America in 2001 was $156,600. The home ownership rate during the first half of the year was 67.5%; meaning that 67.5% of the population owned a house. As Miley explains, “The fed funds rate [is] the interest that banks charge each other for short-term loans [and it] influences rates on other loans, such as mortgages.” The Federal Reserve had a target federal funds rate of 6.5% for 2001. Four fed rate cuts were made after 9/11 and the fed funds rate was 1.75% in the end of 2001. Housing prices rose rapidly following the terrorist attacks. The median home price was $221,900 in the year 2006. From 2000 to 2006, housing prices escalated an annual rate at 8.26%; while in the 1990s, the annual increase in housing rate was 4.22% (Miley).
Unemployment rate also had bad effect in America due to 9/11. The unemployment rate was just 4.9% in 2001 before the 9/11 attacks. But after the attacks, approximately 600,000 jobs were lost. Of those, 226,000 jobs were in travel and tourism. Not only that but also 1,100 businesses were disturbed at the World Trade Center. The unemployment rate was 5.7% in the end of the year (Miley). In 2011, the unemployment rate was 9.1% and as of October 2013,
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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.
The late 1990’s into the early 2000’s was a time of great economic success that took a turn for the worst as the war against terrorism began. In America, the economy was at its peak especially on Wall Street until September 11th 2001. The attacks that occurred on September 11th deeply affected America. The attacks caused the Dow to drop tremendously along with causing the recession to deepen. America was led into of the biggest government spending periods in a long time. The cost to fund the war along with to rebuild the economy held a toll on all Americans. America had to dig itself out of a hole. Unlike the economy, technology was on the rise. Many new inventions such as wireless internet, mobile devices, and new forms of social media were created.
On September 11, 2001, Islamic extremists stole four airplanes and carried out suicide attacks against the United States. Two of the airplanes were flown into the twin towers in New York City, the third airplane hit the Pentagon outside Washington, D.C., and the fourth airplane crashed in a field in Pennsylvania. Known as 9/11, the attacks resulted in extensive death and destruction, triggering the United States to create major changes in their security and terrorism protocols. While everyone agrees that what happened on 9/11 was terrible, many believe that the changes in America’s security protocols are not for the best. How 9/11 affected America’s security protocols was for the worse, it caused: privacy invasion for foreign and American civilians in airports, immigration laws increased out of fear, and discrimination and racism towards Arab civilians.
Imagine turning on the TV one morning, and seeing two of the world's tallest towers being destroyed. That's what happened on September 11th 2001. 9/11, also known as the September 11th attacks, was where hijackers took over 4 planes and crashed them into the north and south world trade centers, and the pentagon. 9/11 left a lasting impact that was untouched by no one. Thousands of people died from these attacks, leaving scars in the hearts of people worldwide. New security procedures followed 9/11, along with stronger border protection. Moreover, more than a decade of war lasted with Afghanistan in the wake of 9/11.
America has experienced some events that has made an impact on all of our lives. Take the attack on 9/11 for example; terrorists attacked the United States using planes. They hijacked four airplanes in mid-flight. The terrorists flew two of the planes into two skyscrapers at the World Trade Center in New York City. The impact caused the buildings to catch fire and collapse. Another plane destroyed part of the Pentagon (the U.S. military headquarters) in Arlington, Virginia. The fourth plane crashed in Shanksville, Pennsylvania. Officials believe that the terrorists on that plane intended to destroy either the White House or the U.S. Capitol. Passengers was the plane fought the terrorists and prevented them from reaching their goal. In all, nearly 3,000 people were killed in the 9/11 attacks. This attack reminded many people of the attack of Pearl Harbor. Both were very catastrophic events that changed U.S. History and America in a way that makes us realize that we need to be strong.
A group of hijackers took control over four commercial jets flying out of the airport of the US. Two aircraft directed towards the direction of the Twin Towers of the World Trade Center (WTC) in New York. All evidence that was found led to a radical Sunni Islamist group al-Qaeda being the culprit of 9/11. The attack represented a symbol; US’s power and influence collapsing like the Twin Towers, both having 110 floors collapsing causing extensive damaged to the area which surrounds them. Various other buildings were also destroyed in the wreckage of these towers. The total count of lives lost during 9/11 was close to approximately 3000 inclusive of the 19 who hijacked the plane. It was a record of lives loss based on the terrorist incident on US soil. The destruction of these two towers transformed the perspectives of the US forever, significant effect on world economic markets and confidence in the US immediately decreased. George W. Bush noted the horrific events of the attack as “evil, despicable acts of terror” (BBC 2001), causing fear amongst the people of the world leading to the change, in the face of terrorism
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
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 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.
On September 11, 2001 (9/11) four planes were hijacked and three out of four crashed into buildings, killing more than 3,000 people. Economically the immediate consequences of 9/11 were a massive drop in the stock market, crippling losses in the airline and other transportation sectors, and widespread uncertainty. The Bush administration and Congress responded with a law that bailed out the airlines, and the economic issues temporarily receded politically.
On September 11, 2001 America witness one of the worst attacks on american soil. “With the islamic extremist group named al-Qaeda hijacked four airliners and carried out suicide attacks against targets in the United States”. On that day “Two of the four planes were flown into the world trade center located in new york city”. The other plane was flown into the pentagon located in washington. The fourth plane was droved into the ground by the passengers on the plane. There were no survivors on that plane. Over 3,000 people were killed during this terrorist attack.
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;
The September 11th attacks have had a profound effect on American history. Often referred to as “9/11”, these attacks were comprised of a group of organized terrorists known as Al-Qaeda. This extreme Islamic group assaulted several landmarks in New York City, Washington D.C, and the state of Pennsylvania. In New York City, two airliner jets were hijacked with passengers aboard and slammed into the World Trade Center. “The next attack resulted in a plane colliding into the Pentagon, government building; the last attack was in Pennsylvania when a plane crashed into a field. In total, 3,000 people died on September 11th, 2001” (History.com Staff). The September 11th-attacks have affected airport security by the new training of flight attendants, the formation of the Transportation Security Administration and new technical advances to keep up with increased terror threats.
September 11, 2001 marked the most horrific day in history for United States of America. The events of this day changed the lives of those residing in America forever. United States was considered somewhat safe, in regards to terrorists’ attacks. However, this all came to a screeching halt when 19 militants known to be a part of the Al-Qaeda terrorist group hijacked four planes for the purpose of destroying targeted areas in the United States. As a result of the deadly attack on the United States, security measures drastically changed. Although, security measures throughout the United States have been in place, extreme caution came into effect. All departments looked at different measures to improve preventing terrorists’ attacks.