Effects of September 11th

The Effect of September 11th
on the United States Economy


The terrorist attacks of September 11th have changed the United States forever.
Although, terrorists were causing destruction in other countries, the United States felt as
If we were immune to such acts. The throughly planned attacks on the New York and
Washington D.C. on September 11th, which caused the deaths of many, has changed
the American psychic forever. Terrorism is an issue that is on the minds of all
Americans because it is now a realistic threat.
The psychological factors aren’t the only damage caused by the horrific events
of September 11th. It has also caused damage to the United States economy. Before
the attacks, the economy was the starting to slow down. Consumer spending was
decelerating in 2001. Production was also beginning to slow down. But, the slow
down was part of a natural process of the business cycle. This would have eventually
led to plenty of growt...