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Airline industry changes after 9 11
Impact of the 9/11 attack
Economic changes after 9/11
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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. 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 terminating 11,000 jobs. These heavy losses were contributed to airlines “being grounded last week [week of September 11th], plus passengers have been apprehensive to fly, in the wake of the hijackings” (Stock Markets Reopen 1). Americans also became concerned about the gas supply and the possibility of being unable to obtain gas. It was reported that drivers in America were lined up out in the streets for fear of not being able to get gas for their automobiles.
For starters a few days before the attack on 9/11, the airlines stocks did go up. Which means the supply and demand was greater. America was making more money, which is good. The airlines that stocks markets went up, were the airlines that were hijacked which than lead to them going bankrupt. Gabi Logan was saying on USA today “ Despite this government-funded measure, several prominent American airlines declared bankruptcy not long after the 9/11 attacks.” Due to bankruptcy more than just money was
On September 11, 2001 terrorists crashed two American airline airplanes into Twin Towers, killing thousands of people. It was the worst terrorist attack in American history and it showed us that we are not protected by Atlantic and Pacific. It showed us that we could be attacked by anyone at anytime. It showed us that if we will be attacked again that we can only depend on each other and not on other nations to help us. The 9/11 changed people forever, some lost family members or friends, others lost their jobs even so called “American Dream.”
September 11, 2001 is known as the worst terrorist attack in United States history. On a clear Tuesday morning, there were four planes that were hijacked and flown into multiple buildings by a terrorist group named al Qaeda. This group, led by Osama bin Laden, killed nearly 3,000 people. Out of those 3,000 people more than 400 police and 343 firefighters were killed along with 10,000 people who were treated for severe injuries. Many lives were taken, and to this day, people still suffer from the attack. September 11th is the most influential event of the early twenty-first century because it made an increase in patriotism, it caused a rise in security throughout the nation, and it had a tremendous effect of thousands of lives.
After September 11th, 2001, the airline industry experienced a significant drop in travel. The reasons for the airline industry downfalls also included a weak U.S and global economy, a tremendous increase in fuel costs, fears of terrorist's attacks, and a decrease in both business and vacation travel.
Everyday teenagers drink, despite the many dangers and risks that they are taking every time they drink. Throughout history and probably in the future, alcohol will be the leading drug of choice for teenagers. On the other hand, teenagers in turn are becoming better educated about themselves and the risk of alcohol.
Kolcaba published her seminal work, Comfort Theory and Practice: A Vision for Holistic Health Care and Research in 2003. Despite this impressive resume’ Kolcaba’s writing reflects her approachable and practical voice. Kolcaba (2003) believed consumers of theory must be able to understand and use the theory. As a result, her writing appealed to colleagues, helping them develop greater insights. Terminology specific to the theory was well described with minimal or uncomplicated definitions. Kolcaba provided clear, engaging examples of comfort theory in practice. The comfort theory website is extremely user-friendly and helpful for students. Kolcaba posts her e-mail address and personally responds to questions. Her website also contains a frequently asked questions
Researchers have found many risk factors for drinking among teens and young adults. Adolescents long to have fun, and enjoy their youth years as much as they can. They reach out for things that make them feel older and more alive. Little do they know that the result of alcohol is detrimental to a fun easy-going lifestyle. According to Deborah Morrow (2017), binge drinking is when someone abuses alcohol, and they go over the 5/4 limit in two hours or less. The 5/4 limit is just an explanation that he or she is binge drinking if a man has more than five drinks, and a woman has more than four over a two hour period. Allowing teenagers to unknowingly throw away their lives is a problem. Recently they have found that
A lot of the time, teens think it is ‘cool’ to drink because everyone else does it. Almost every television show that young people watch have some underage substance abuse, leading adolescents to believe that it can’t be that bad. While society plays a big part in this huge problem, both teens and parents need to learn that there can be severe consequences from as little as one drink. Allowing them to think this kind of behavior is acceptable will haunt them for the rest of their lives, even if they are not alcohol related. Believing that such behavior is acceptable now will lead them to bad decision-making skills in the future when faced with an ethical decision. Teens need to know the major effects can come from underage drinking before going to that party or when being pressured into something they may not be willing to participate in. It is obvious that the long and short-term effects of alcohol abuse can be easily avoided by getting educated and thinking before engaging in any self-destructive
The use of alcohol by adolescents is widely viewed as disobedience in American society. Although, alcohol use is technically illegal until the age of twenty-one (in 19 states the consumption of alcohol in not specifically illegal for people under the age of twenty-one), there is still an excessive use of dinking in teenagers today. Since alcohol is associated with all three leading causes of death among teens, it can also have less life-altering consequences such as a drop in academic performances and a decline of friend and family relationships. Also, mental disorders like anxiety, depression and behavioral issues as in loss of temper, an argumentative personality, being easily angered, and blaming others for mistakes. Alcohol is the most commonly abused drug in teenagers and society contributes to abuse by linking drinking to sophistication and good times. (“Alcohol Abuse and Youth” 1)
On a day described as the ‘Flash Crash’, the U.S stock market experienced one of the most severe price drops in its history. In the matter of five minutes, the Dow Jones Industrial Index declined by 900 points, and then recouped the balk of those losses within the next 15 minutes. This unprecedented and unexplained volatility has fired public debate ever since.
In early 1928 the Dow Jones Average went from a low of 191 early in the year, to a high of 300 in December of 1928 and peaked at 381 in September of 1929. (1929…) It was anticipated that the increases in earnings and dividends would continue. (1929…) The price to earnings ratings rose from 10 to 12 to 20 and higher for the market’s favorite stocks. (1929…) Observers believed that stock market prices in the first 6 months of 1929 were high, while others saw them to be cheap. (1929…) On October 3rd, the Dow Jones Average began to drop, declining through the week of October 14th. (1929…)
From the close of trading on Tuesday, October 13, 1987 to the close of trading on Monday, October 19th, which was later known as ‘Black Monday’, the Dow Jones Industrial Average declined by 30.7% or 769 points. Overall in those four days of trading the value of all outstanding United States stock loss roughly $1.0 trillion in value (Brady Report, 5). While a monetary loss of this magnitude seems alarming to most, what raised primary concern by market aficionados and government regulators alike was the speed in which prices fell and the inherent trading weaknesses brought to light from the crash. This paper will further analyze the 1987 crash and the events that surrounded it, as well as address measures taken by the government and the market
Alcohol drinking is becoming one of the most severe issues in a developing teenager’s life. The benefits of alcohol for teenagers are miniscule and hundreds of thousands of teens participate in the drinking of it. In any one month, according to The National Center on Addiction and Substance Abuse (U.S.) 31% of high school student’s binge drink at least once. Binge drinking is when a person drinks alcohol with the primary intention on being intoxicated. When going out, 31% of students drink with the intention of getting drunk. They also state, 11.4% of all alcohol consumed in the United States, is consumed by teenagers. Although drinking may seem like the cool thing to do as teenager, about 5,000 teens die every year due to alcohol use and death does not make a person cool. (“Teenage Drinking”) Another anonymous story says, “I had way too much and puked all over the bathro...
Over a long period of time, there has been a major problem with binge drinking among adolescents in Long Island, NY. It has been known that “in spite of the legal age restrictions, most people first try alcohol during their teen years,” which is noted by clinical work in substance abuse (Straussner, 2014, p. ).The statistics are alarming about how much binge drinking occurs among this age group as it occurs in “22% of high school seniors and 25% of young adults ages 18-34.” According to (U.S. Department of Health and Human Services, 2006), “The National Institute on Alcohol Abuse and Alcoholism [NIAAA] binge drinking is defined as a pattern of drinking alcohol that brings blood alcohol concentration [BAC] to 0.08 grams percent or above.”
Kevin is correct in stating that war, natural disaster and terrorism are all world events that influence the value of a company’s stock. In fact, war is one of the number one stimulants of the national economy. Shown to repeat itself is the pattern of a rising economy immediately after the onset of war (Suroweiki, 2003). Days after the bombing in Tokyo in 1942, the economy, which had dropped drastically after the raid on Pearle Harbor began to turn upward where it rose 15% in 1942 and again in 1943. The pattern repeated in 1950 and 1951 following a recession in 1949. War with Korea again stimulated the economy by roughly 8% for two years in a row, and again during early Vietnam (2003).