How the September 11th Attacks Impacted Politics and Business Essay

How the September 11th Attacks Impacted Politics and Business Essay

Length: 1752 words (5 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

The September 11th attacks on the world trade organisation left the
world in shock, changing the lives many individuals, organisations,
countries and economies. It has affected the world of business and
politics in many ways and these effects are still continuing to

Following the attack, it was difficult for New York to derive the
specific economic costs, hence making it harder for the American
government to introduce plans aiming to resolve the situation.
However after examining and quantifying the impact of the attack a
leading team of New York economists and consultants have detailed the
effects. The economic impact is likely to total to $83 billion in
damage to New York’s economy, even after the payment of insurance
claims, cleanup operations and repair costs of infrastructure the
total damage to the economy is expected to be at least $16 billion.
The net loss of jobs lost due to the attack will be approximately
60,000 at the end of 2003; this is not considering those jobs that
will return. The financial services, retail and tourism sectors
suffered the greatest, with small businesses in all sectors being hit
the hardest. In terms of a global impact, 9/11 further weakened a
world economy that was already suffering from a downturn. In
particular the United States, Japan and European economies were said
to be either in or approaching a recession. The recovery of the
developed world was expected to occur during year 2002 however this
now looks likely to be delayed until 2003. On the other hand,
developing countries and those undergoing transition towards a free
market economy experienced more rapid growth th...

... middle of paper ...

...wn in terms of growth before September 11th, so
these events cannot be solely blamed for this downturn in the
economy. Share prices have also dropped considerably. Politicians
were very quick to claim the world had changed and would never be the
same after the attacks which is true to some extent however some
countries tried to hide their major problems (middle eastern countries
in particular) behind those of America’s which took centre stage in
the world.


Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about The Impact of September 11, 2001

- On September 11, 2001, terrorists savagely attacked the United States of American. Thousands of individuals lost their lives as two airplanes crashed into the two World Trade Center 1`buildings and the Pentagon. This brutal act shook the world. This terrorists’ attack has changed many aspects of people’s lives worldwide. It not only affected the US but everyone around the world. During the aftermath, we learned that we lost one of our native virgin islanders. US Army, Staff Sargent Maudlyn A. White, 38, born on St....   [tags: Politics, Terrorism, ]

Powerful Essays
1225 words (3.5 pages)

The Terrorist Attacks Of September 11th Essay

- In the beginning of issue guide it summarizes the Terrorist attacks of September 11th. How it sets off of a chain of events and questionable efforts to deal with what occurred that day. The article explains after the attacks on the world trade center, our nation lost comfort in thinking our state of security was actually secure, that we were vulnerable. The government gave a false impression to citizens that to overcome what happened that day was to come together, to show the strength and our allegiance to the U.S....   [tags: Terrorism, September 11 attacks, Al-Qaeda]

Powerful Essays
1077 words (3.1 pages)

Essay on The Impact of September 11th on America

- The Western World is a constantly changing machine, steadily moving forward in technology, in quality of life, and in culture. These changes are usually controlled and consistent. The terrorist attcks that occurred on September 11th changed all of that. In one morning, four airplanes changed America's quality of life and culture. Americans belived it's country was invunerable to an attack. Two Generations have passed since the last attack on American soil, and that was thousands of miles of the mainland in Hawaii....   [tags: September 11 Terrorism Essays]

Powerful Essays
608 words (1.7 pages)

Economic Impact of September 11th Essay

- 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 effected the stock market....   [tags: September 11 Terrorism Essays]

Free Essays
1342 words (3.8 pages)

Essay on Financial Effects of September 11th

- 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....   [tags: September 11 Terrorism Essays]

Free Essays
1549 words (4.4 pages)

Essay on The September 11th Terroritst Attacks

- First shock, then terror, followed by sorrow and lastly rage were my emotions on September 11th, 2001 when a hijacked airliner crashed into the Twin Towers in New York City. Tunh. Tunh. Tunh. All circuits are busy; please try again at a later time. This message kept repeating as I tried to call my cousin in New York, who was working in the South Tower. At the time the American Airlines flight 11 just moments earlier crashed into the North Tower. I sat in my house in shock and terror. Then at 9:05 am, about twenty minutes after the first collision, United Airlines flight 175 crashed into the South Tower....   [tags: September 11 Terrorism Essays]

Free Essays
1078 words (3.1 pages)

September 11th and the Peace Process in the Middle East Essay

- September 11th and the Peace Process in the Middle East Peace; Calm, freedom from strife and war, tranquillity. A million miles away from the devastation and conflict of a country that has been at war within itself for generations. But peace is what so many people are trying to accomplish. The United Nations is an organisation that began after the Second World War. It was set up to prevent such an event from ever happening again. The UN contains representatives from nearly every country in the world who work together in order to obtain world peace....   [tags: September 11 Terrorism Essays]

Free Essays
549 words (1.6 pages)

Why Gender Matters in Understanding September 11th Essay

- Usually when the word gender is used in a political sense often times what is described is the role of women in a certain aspect of politics. This paper is a look at certain social norms that are directly related to women and their rights that seem to allow and harbor terrorist. The idea of the article that I am basing this paper on is by Amy Caiazza Ph.D. who suggests that if we were to change some of our ways in society regarding women we might have been able to foresee the events of the September 11th attacks....   [tags: September 11 Terrorism Essays]

Free Essays
1511 words (4.3 pages)

Essay about Airline Industry After September 11th

- The terrorist attacks of September 11th caused many changes in our country. Although there were many after effects of the September 11th attacks, the airline industry was most impaired. This paper will explain two factors related to the airline industry that were most affected, the American people and the economy. People had many different reactions to the attacks on September 11th. Some people became more fearful and scared to fly. The airline industry was affected because people were canceling their flights....   [tags: September 11 Terrorism Essays]

Powerful Essays
628 words (1.8 pages)

Essay on American Economy after September 11th

- American Economy after September 11th "Every president is dealt a hand of cards," said John Shoven, a Stanford University economist and senior fellow at the conservative Hoover Institution. "Bush inherited a pretty tough hand." When President Bush took the office in the year 2000, things were moving smoothly on the surface. Undercover there was havoc. Tragedy of September 11th shook the world but it shook the US most. Technically speaking, one would say ofcourse it rocked the US, after all it did happen in US....   [tags: September 11 Terrorism Essays]

Free Essays
902 words (2.6 pages)