Financial Effects of September 11th
September 11th, like few other dates in the history of our country, will be permanently engraved in all American’s memories. Even though the events of this tragic day are behind us, the economy is still feeling the burden of the terrorist attack on the World Trade Center and the Pentagon. The economy was already experiencing a fall off before the attack. Despite the struggling times, Wall Street analysts believed that with the six Federal Rate cuts, the United States economy could avoid recession.
Then came September 11th an attack that shook the nation. Never had an attack been made on United States mainland soil. Two United and two American Airline airplanes were hijacked by terrorists and flown into strategic targets in America. There were at least four to five hijackers on each plane. They were armed with knives, and having at least one person among them capable of piloting the plane. The hijackers took over the planes, ousted the pilots, and directed the planes on suicide missions. Two planes crashed into the World Trade Center's Twin Towers in New York City, another into the Pentagon in Washington DC and a fourth in Pennsylvania. The result of the attack, the Twin Towers collapsed, part of the Pentagon was crushed, and thousands of people died. The attack was part of a jihad, or holy war by the Muslims in the Middle East against America. They resent us for our freedom and for our occupation of the Middle East. Americans responded with true American spirit and patriotism by volunteering and donating goods.
Despite the shock, long-term devastation, and disruption of public infrastructure and commercial activities in the world's financial center, the U.S. financial system largely remained open throughout the day and thereafter. Banks and other financial intermediaries stayed open. Key wholesale and retail payment system remained operational, like other financial activities, except that telecommunication disruptions had a temporary effect. Even firms in the World Trade Center were able to resume business from other offices or from contingency sites within hours of the attack. The response of the financial industry and the speed with which it resumed business was extraordinary and can be attributed only to its long-standing commitment to ensuring continuity of operations in the wake of physical or cyber disruptions.
The terrorist attacks of September 11th sent the United States economy spiraling into recession. “Many economists believe the economy has entered its first recession in more than 10 years”(Wash.
During the 1930’s, the Great Depression was in full swing. The Depression was a period in American History when the economy was horrible. Most people did not have jobs, and if they did their paycheck was barely enough to put food on the table. At that time, many people did not experience happiness very often because of their money situations. However, there was one person who could turn any frown upside down, Shirley Temple. Shirley Temple, the best known child star of her time, ascended to unparalled box-office heights during the worst of the Great Depression, and brought humor and happiness to people in a time of great need.
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.
Ancient Greece was rich in culture, as the country was separated into many polis (city-states). Among these cities, were the two most authoritative rivals—Athens and Sparta; having strived to attain power more than the rest, Athens and Sparta earned the most recognition. While both cities were two of the most powerful in Ancient Greece, the attainment of this power was approached in contradicting ways, as their values and lifestyle greatly differed. Athens and Sparta’s contrasting visions for their citizens framed their culture, which became the sole deciding factor in the kinds of laws that were implemented and enforced to form divergent systems including government, social class and gender roles.
War is not a cheap man’s game. At the core of every nation sits an economy comprised of varying wealth and resources. A nation’s prosperity is dependent on its economic fortitude. In a constant state of fluctuation, economic prosperity is often fleeting, with a single event capable of causing economic turmoil for decades to come. The terrorist attacks of September 11, 2001 acted as a catalyst for economic change in the United States. The attacks presented isolated economic desolation, but the growing concern for security and the war on terror provided the greatest economic impact for the United States and the world.
Greece is a country united by its name, but divided by its ways. Although Sparta and Athens were both Greek cities, their societies were different. Sparta was focused on having a perfect military, whereas Athenian daily life revolved learning and knowledge. When Spartan boys were being trained for an army, Athenian boys were being trained for life. Both of these societies revolved around different government, education from when kids to teenagers, the responsibilities each individual had to keep their spot, and how women played a role throughout each city state.
“In this way the ego detaches itself from the external world. It is more correct to say: Originally the ego includes everything, later it detaches from itself the external world. The ego-feeling we are aware of now is thus only a shrunken vestige of a far more extensive feeling - a feeling which embraced the universe and expressed an inseparable connection of the ego with the external world.” (Freud pg.4) Freud in this comment explains what goes through one’s self to feel oceanic through religion.
Both Sparta and Athens were Greek city-states. Sparta was a strict military ruled city-state where the people established themselves as a military power early. However Athens was more of a political city-state that was more involved with their economical stature than their military forces. Still changes from the Persian wars would change the powers of the city-state and somewhat unite them.
Shirley Temple was a world renowned actress at a very young age. She was in many films and was adored worldwide. She was popular when the Great Depression was in play. Everyone knew her as a little dancing girl with curly red hair, and still that’s how she is remembered today. Shirley Temple was a very famous child star during the 1930’s and her legacy still lives today.
The attacks on the World Trade Center on September 11th are a significant episode that most people are inclined to make an unadulterated association to their own personal life. Anyone can pretty much tell you where they were or what they were doing when the terrorist attacks occurred. It is something that no one will ever forget because of the shady theories surrounding it and the many unanswered questions as to why it happened the way it did. Most of the concrete consequences that have taken hold are the amplified subjects of racial profiling, harsher methods for people entering and leaving airports, and the increased patriotism amongst citizens living in the United States.
Sparta contained a four branch government system that was considered among the most unique in all of Greece. Unlike the democracy of Athens, Sparta was based on an oligarchy structure. The diarchy, which consisted of two kings, was the first division of this government. These figures held little influence over the state and served more as a symbol of royal heritage (Kennell 83). The second branch was the Gerousia council which acted as an advising body and hel...
The culture and society of Sparta was looked down upon by the neighboring Greek city-states for its untraditional customs and laws. But by not copying other city-states, Lycurgus’ decision on an opposite course “made his country outstandingly fortunate.” Sparta was one of the few Greek states where women received formal and physical education. The women of Sparta were treated much differently than other Greek women, but this only played into why Spartan women had much more freedom compared to the others.
For most American’s their Tuesday morning on September 11, 2001 started off like any other week day. Families were doing their normal routine taking their children to school and heading off to work within hours may people would be participating in un- thought of duties. No one had any idea that by the end of the day what seemed like a normal Tuesday would forever be remembered in American history. Within minutes of 8:46 AM all Americans would know that this was not a normal Tuesday. This day would hold not one, but four attempted terrorist attacks by Al-Qaeda on the United States. Two attacks on the World Trade Center, one attack on the Pentagon, and a failed attempt on the White House.
Athens and Sparta are both infamous Greek city states. Both could not be more different, yet similar in the way they governed their own city state. Another, main difference was the women’s rights and roles in the system. Athenian and Spartan women both were considered to be second to their male counterparts. Spartan women had more rights than Athenian women. Through, research realizing that the Spartan women were slightly greater role than Athenian women.
The ancient Greece was divided among several hundreds of city-states called “Poleis”. Within this poleis, Athens and Sparta were the most powerful, significant, largest and significant states.
Athens and Sparta were both city-states in Classical Greece. While Athens embraced democracy, Sparta was a dictatorial fierce warrior state. Sparta was a militaristic community, Athens was a freethinking, and commerce minded city-state. Modern societies have modeled their government organizational structure and military discipline practices from lessons learned of these ancient city-states. There is much is to be praised regarding Classical Greece for their courage, their progressive thinking and the birth of democracy. However, I think it is important to remember that in both cases, Athens and Sparta were able to sustain their lifestyle on the backs of countless slaves, non-citizens and women and that there is a darker and less romantic side to the past.