What was the economic impact of September 11?

The terrorist attack on 11th September 2001 was terribly tragic. Victims of Attacks For thousands of families and friends, this loss creates gaps that will never be buried. The human tragedy is immeasurable. But there is another cost, the type of cost used for measurement. Economical cost

Although we can quantify the economic impact of events like 9/11, it is difficult to determine specific numbers. First, different studies have produced inconsistent results. On the other hand, there is little agreement on what is "important" as a direct cost of attack. Of course, the cost of insurance (estimated at $ 40 billion) and the cost of rebuilding the World Trade Center to the new memorial and museum on 11th September (about 700 million dollars) [Source: Makinen]. But as you begin to fall into business losses, the numbers will be a little ambiguous.

Before the profit recovered, the airline industry's quarterly earnings declined by $ 25 billion (or about $ 100 billion a year) in the post-attack years [Source: Makinen]. The US government provided a generous loan, but some airlines previously broke up [source: Ackman]. As of the end of 2002, the financial impact on New York City resulted in total city production totaling $ 23.7 billion (measured by city economic magnitude) and tax loss of $ 2 billion (Source : Makinen). Even with Manhattan alone, about 100,000 jobs are lost, 18,000 companies have been destroyed, interrupted or forced to relocate.

As Boulder was thrown into the lake, the damage of the attack spread and touched every aspect of the American economy. Initially, the United States was estimated to lose 8 million jobs due to attacks and to reduce to 5% of GDP, or $ 500 billion [Source: Templeton and Lumley]. Other studies have provided lower estimates [Source: NBC Los Angeles]. However, it is very difficult to resolve these large losses as the economy is already in recession before the attack. It is impossible to know what losses are caused by these attacks and which are merely a factor in the economic recession. Other losses arise because security issues raise crude oil prices and may affect investment funds flowing into the United States. [source: Wolk]

As we start discussing indirect economic consequences, that number will be amazing. Since the attack, $ 1 trillion has been spent on national security [Source: economists]. It does not include the war in Afghanistan and Iraq. These two wars increased and calculated the cost of 1 trillion dollars [Source: Wolf]

There are countless other expenses such as government's first counterpart settlement, security and legal costs of terrorist trials, increased energy costs, time loss due to airport security checks. Also, as it is being used for 9/11-related items, we have not even started to calculate the "opportunity loss" cost based on what we did not use. It is nearly impossible to put the final figure on the 9/11 economic impact, but it will definitely be $ 1 trillion.

Based on a nationwide survey of 333 donors, this report examines the impact of foundations and companies on the response to the overall donation of tragedy on September 11, and the depression of the 9/11 reaction Evaluate the relative response to. Impact and practice. Lenz, Lauren, Marino, Leslie. Impact of 9/11 Incident: The latest information on correspondence between foundation and company in 2003. New York, NY: Foundation Center, 2003. 16 p. Website: http: //fdncenter.org/research/trends_analysis/pdf/9_11update03.pdf Based on the data collected as of September 2003, this report provides statistical data on institution donors. Direct donation programs, communities and other public foundations, industry groups and business associations responded to the September 11 terrorist attacks. Provide analysis based on grantor type, scope of grant, location of sponsor, and recipient

Is September 11 the decisive moment? The terrorist attack on 11th September 2001 and their expected impact on the X generation was discussed by many writers in the early and mid 2000s. September 11 seems to have given its own "Where are you?" To the X generation, but it is possible to connect seven generations; September 11 unified this generation 8 Both It was said to be a tragic heroic event. why? The X generation has the most victims, and it is also the hero of September 11. They are police and firefighters. They were passengers on a crashing plane and they did not keep it in Washington, DC. They are workers of the World Trade Center Building. The tenth member responded to terrorist attacks with terrible patriotism and enthusiasm of the people and further surprised themselves.