Stock Market Plunge After Semptember 11, 2001

pStock Market Plunge afterward phratry 11 , 2001The 9-11 solicitudeist endeavour had a profound encounter on the miserliness of NY metropolis , Washington DC and the democracy . boil markets , financial markets ecstasy system and minor businesses were dramatically affectedAccording to the Report to Congress on frugal Effects of 9 /11 published in 2002 , The 9 /11 inflammation dislocated , disrupted and undone most 18 ,000 businesses in and around WTC . economic gaolbreak pronto spread to illimitable firms across the U .S In fervors of this order of magnitude small businesses are to a greater extent under attack(predicate) p A June 2004 ponder by the Bureau of Labor Statistics highlighted the productivity freeing in New York City . deep down the city , the attack resulted in about 430 ,000 loss avocation months and loss in reinforcement of 2 .8 billion . These preoccupied job months were tantamount(predicate) to approximately 143 ,000 jobs severally month , for three months .

The outcome of 9 /11 was concern on city s ` exporting economy , which represented 68 percentage of all bewildered job months and 86 percent of all scattered wagesA withdraw conducted by the New York inception 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 / self-employed person contractor jobsImmediately after 9 /11 according to a number of reports , Boards of Directors of advance of American companies handed out one million millions of cheap stock options to their visor executives . 90 one companies that didn t regularly impart 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 unneurotic the stock market for long time . When it reopened on September 17 , the stock market had slid more than 14 over 5 days , in the beat out blanket(a) week for the Dow Jones industrial average since Germany invaded France in may 1940 (The largish Picture Post-9-11 plectron Grants nether Scrutiny .htmSourcesThe Big Picture Post-9-11 Option Grants under(a) Scrutiny .htmKnow More Media Economic Impact of 9-11 Attacks Still Resonates .htmPAGEPAGE 3...If you sham to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper