The September 11, 2001 terrorist attacks
The September 11, 2001 terrorist attacks, now referred to as 9/11, were a series of coordinated, well-planned suicide attacks that involved the use of hijacked passenger jets as a means of destruction . The suicide bombers used the passenger jets as bombs, and ran into the World Trade Center Towers of New York, the Pentagon, and a fourth plane that did not make it to its destination, hit the ground in Pennsylvania. These sudden attacks came as a shock to the people and government of the USA. The attacks affected not only the United States, but the entire world felt the aftershock of the event. It specifically affected the United States economy and sent it on a downward spiral. It had a huge impact on people emotionally. The most significant outcome of the attacks was America?s march towards the War Against Terrorism, which targeted the Taliban network, the Al-Qaeda organization, and the specific terrorists behind the attacks.
The terrorists behind 9/11 targeted the World Trade Center Two Towers as key objectives. The World Trade Center was an indispensable center of US banking, insurance, and investment. The economy in the USA was deepening into a recession well before the events of 9/11, and due to the unreliability of the economy, the unemployment rate went up to 4.9 percent in August as job losses in manufacturing climbed over 1 million. Layoffs were happening, and this lead to consumers spending less as they became more wary of the potential threat of being laid off.
"The economy has been on a high-wire act straddling between a recession and anemic growth. Now the terrorists have cut the wire underneath our feet, the United States and the rest of the world are likely to experience a full-blown recession now.? - Sung Won Sohn, chief economist at Wells Fargo in Minneapolis The US arguably had the biggest and most powerful foreign market available pre-9/11. Because the US supplied many other countries with essential items, the recession would also affect those
The terrorists behind 9/11 targeted the World Trade Center Two Towers as key objectives. The World Trade Center was an indispensable center of US banking, insurance, and investment. The economy in the USA was deepening into a recession well before the events of 9/11, and due to the unreliability of the economy, the unemployment rate went up to 4.9 percent in August as job losses in manufacturing climbed over 1 million. Layoffs were happening, and this lead to consumers spending less as they became more wary of the potential threat of being laid off.
"The economy has been on a high-wire act straddling between a recession and anemic growth. Now the terrorists have cut the wire underneath our feet, the United States and the rest of the world are likely to experience a full-blown recession now.? - Sung Won Sohn, chief economist at Wells Fargo in Minneapolis The US arguably had the biggest and most powerful foreign market available pre-9/11. Because the US supplied many other countries with essential items, the recession would also affect those