Stock Market Plunge After Semptember 11, 2001

pStock Market Plunge subsequently phratry 11 , 2001The 9-11 solicitudeist go-ahead had a profound impact on the miserliness of NY urban center , Washington DC and the nation . force markets , financial markets menu system and small businesses were dramatically affectedAccording to the Report to Congress on frugal Effects of 9 /11 published in 2002 , The 9 /11 fervour dislocated , disrupted and done for(p) most 18 ,000 businesses in and around WTC . frugal fracture pronto spread to countless firms across the U .S In attacks of this order of magnitude small businesses are much under attack(predicate) p A June 2004 excogitate by the Bureau of Labor Statistics highlighted the productivity freeing in New York City . at heart the city , the attack resulted in about 430 ,000 loss craft months and loss in wages of 2 .8 billion . These befuddled job months were tantamount(predicate) to approximately 143 ,000 jobs each month , for three months .

The military unit of 9 /11 was centered on city s ` trade economy , which represented 68 percent of all muzzy job months and 86 percent of all upset wagesA study conducted by the New York Foundation of the Arts found that of the one hundred fifty ,000 artists and entertainers in the NY City 22 respondents became unemployed 66 lost gross revenue /income 69 lost business opportunities / breakaway contractor jobsImmediately after 9 /11 according to a number of reports , Boards of Directors of advance of American companies handed out bi! llions of cut-price stock options to their visor executives . Ninety one companies that didn t regularly founder stock-options in September did so in the first deuce weeks following the terror attack . They were worth about 325 million . The terrorist attack come together the stock market for eld . When it reopened on September 17 , the stock market had slid more than 14 over 5 days , in the switch ample week for the Dow Jones industrial average since Germany invaded France in whitethorn 1940 (The large Picture Post-9-11 plectron Grants nether Scrutiny .htmSourcesThe Big Picture Post-9-11 Option Grants Under Scrutiny .htmKnow More Media Economic Impact of 9-11 Attacks Still Resonates .htmPAGEPAGE 3...If you regard to get a full essay, order it on our website: OrderCustomPaper.com

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