9/11 Bombing Effects

On the morning of September 11th 2001 a series of 4 coordinated attacks were carried out on the United States of America by the terrorist group Al-Qaeda. Landmarks such as the World Trade Centre (WTC) were targeted, by 19 Al-Qaeda terrorists who had hijacked 4 US airliners to be used to suicide bomb these landmarks. Out of these planes, two targeted and crashed into the North and South towers of the WTC. Within hours both buildings had collapsed and devastation and shock was caused around the globe. A 3rd plane was used by the terrorists and caused further damage, which lead to a partial collapse in the Western side of the Pentagon. In total the 9/11 attacks caused 2,900 innocent deaths and around $10 billion in damage charges. Many countries after the attacks strengthened their anti-terrorism security, in order to prevent a similar attack from happening on their shores. The chaos created by the attacks
On the 19th April 1995, 6 years prior to 9/11, a terrorist attack was carried out on the Alfred P.Murrah Federal Building in Oklohoma. The bombing killed 168 people and injured more than 680. The blast destroyed or caused damage to buildings within a 16 block radius which lead to an estimated cost of $652 million. Although it wasn’t as large and devastating an attack as 9/11 the Oklohoma bombing still had a direct impact towards the US economy as it led to share holders no longer wanting to buy into local companies near the blast and losing trust in the stock market. Moreover the attack didn’t have a detrimental effect on the stock markets around the world as it wasn’t a massive plot and was the first of its kind so it failed to raise any serious concern outside of the United States. The Anti-Terrorism and Effective Death Penalty Act (1996) was implemented by the US Government to restore the faith of share holders after the