Explain And Evaluate The Short-term And Long-term Economic Repricussions To The U.s. Economy That Were The Result Of The Terrorist Attacks Of 9/11/01.

Running Head : Economic ImpactsEconomic Impacts of September 11 ,2001 eagerness to the U .S . Economy[Name][School]In disjointial fulfillment of the requirements for [subject][Professor][Date]ABSTRACTThis describes in detail the circumspection of the Unites States before the fall upon and the frugal doctor of the access in the country . First part of the deals with the parsimony in the archean part of the division 2001 . Second part of the country shows the laconic term push , the medium-term impact and the long-term impact of the ack-ack . The would be discussing the different industries that had been affected and the monetary losses of the American government and business sectors in relation to the beset . The respect Economic Recovery Time would also be fat in theINTRODUCTIONThe Attack on the World Trade cent er in Manhattan had happened on September 11 , 2001 . The attack had light-emitting rectifying tube to the destruction of numerous buildings and lost of lives . This had greatly affected non unaccompanied the citizens of the United States . The incident had also affected the scrimping of the countryECONOMY BEFORE THE ATTACKAccording to the storey of Mr . George Kahn (2001 , the vice-president and economist of Federal Reserve marge of Kansas , US economic growth had already slowed dramatically . ground on the experiences in the year 1996 to 1999 , a growth in the gross home(prenominal) product has been experienced . It is only logical to think that gross domestic product will continue to rise in the next a couple of(prenominal) years . However Real GDP has slowed to a 2 .8 rate of growth last year . Unemployment had locomote use up from 3 .9 in th year 2000 to 4 .9 in AugustThe slow atomic reactor in the miserliness had led to unexpected augment in vigor prices and re-e valuation of the prospects for corporate ear! nings . Prices in the line of business merchandise have been affected , and consumer expense began to slow down . In archean September , prices on energy began to brace and consumer spending had hold-up .

Although manufacturing activity continued to decline but in a slower rate as comp bed to what happened in the primaeval part of the year . However , this has all changed afterwards the attack in September 11 . 2001CATEGORIES OF ECONOMIC COSTSLooney (2002 ) has used categories to equalise the different economic impacts of the attack in the United States . His categories were imbed on two types . First is th e nature of the impact and plump for is the length of time the economy has affected the country . In this , the author would use the length of time the impact has on the economy . These effects would be divided into three part : The short impact , the medium-term impact and the long-term impactSHORT TERM IMPACTShort-term impacts of the economy can be further categorized into two These be the immediate short-term direct impact and the immediate short-term indirect impact . Looney (2002 ) had enumerated several short-term impacts after the September 11 , 2001 attackFor the immediate short-term direct impact , it was stated that Lower Manhattan of New...If you want to get a efficacious essay, order it on our website: OrderCustomPaper.com

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