The Effects of September 11 on US Economy :: September 11 Terrorism Essays

The set up of September 11 on US EconomySince the horrific attacks on the United States on Sept 11th, the nations prudence has greatly dropped into a recession, although the economy was already in trouble before Sept. 11th. out-of-pocket to this incident and all the effects it has caused, it is right to blame this recession on the terrorist attacks of Sept 11th. Al approximately half of the states faced budget shortfalls for 2001 or 2002, which caused most races lives to change after the attacks. Even the U.S. economy effectively took a holiday for the rest of September. It fell greatly and caused multi one thousand thousand dollar losses to many companies and industries or so the nation. Some of these companies and industry were a great part in the turn wheel of the U.S. economy. (Sivy, n.pg.) Prior to Sept 11th, the slowed US economy still until now showed good signs of growth. Some signs were that companies were producing products for stores at a higher rate to depart the customers with much(prenominal) and more choices to choose from. This undoubtedly helped the economy grow for a while.The nations production of American made products were on the move before the attacks just return still slowly bounced back as more and more people buy American made products. For North American inwrought Gas, prices weakness, and growth in domestic and import gas supply, and a firm position combined with the potential weakness in the US economy are likely to dampen US natural gas take in even further. (Khan, n.pg.)Its unclear how the attacks will affect the economic record in most states, but in some places its already obvious. New York faces a very painful situation, and will need more federal help, even though federal spending has passed the $40 billion mark just in aid for these cities. States that depended on tourism for their income have greatly felt the impact of the recession. Places like Florida, Hawaii, Nevada, and California, are hurting as more and more people cancel vacations and stay close to home. numerous people are still scared and skeptical to fly. That is withal wherefore many Airplane fares have risen since the staggering number of people purchase tickets to fly away. Many companies have filed bankruptcy and are stuck in the recession with billion dollar debts. (Theophanous, n.pg.)Californias economy also depends on tourism, the energy crisis cost the state $6 billion. And manufacturing states, like Ohio and Michigan, already hurt by the slowdown, are unsure when things will get better.