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

The Effects of September 11 on US EconomySince the dread(a) attacks on the United States on Sept 11th, the nations frugality has greatly dropped into a time out, although the deliverance was already in trouble in front Sept. 11th. Due to this incident and all the effects it has caused, it is right to blame this recession on the terrorist attacks of Sept 11th. Almost half of the states faced bud set forth shortfalls for 2001 or 2002, which caused most peoples lives to change after the attacks. Even the U.S. economy effectively took a vacation for the rest of September. It fell greatly and caused multibillion dollar losses to numerous companies and industries around the nation. Some of these companies and industry were a great part in the turning wheel of the U.S. economy. (Sivy, n.pg.) Prior to Sept 11th, the slowed US economy free however showed good signs of set upth. Some signs were that companies were producing products for stores at a higher stray to provide the customers with more than 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 sooner the attacks but have still slowly bounced back as more and more people buy American made products. For North American Natural Gas, prices weakness, and growth in domestic and import gasoline supply, and a strong position combined with the potential weakness in the US economy be carely to dampen US natural gas demand even further. (Khan, n.pg.)Its unclear how the attacks will affect the sparing picture in most states, but in some places its already obvious. New York faces a very painful situation, and will impoverishment more federal help, even though federal spending has passed the $40 billion mark just in aid for these cities. States that depended on touristry for their income have greatly felt the impact of the recession. Places like Florida, Hawaii, Nevada, and California, are cause to be perceived as more and more people cancel vacations and stay snug to home. Many people are still scared and skeptical to fly. That is excessively why many Airplane fares have risen since the staggering estimate 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.