Effects of 9-11 on the U.S. Economy

Paper Summary:

The tragic events of September 11, 2001 will have many lasting effects on the United States. One sector that has been especially affected is the economy. This paper explores how, and why, this has occurred and predicts what we can expect of the economy in the future.

From the Paper:

"One of its biggest effects, however, has been felt in the United States economy. The U.S. economy before September 11 was projected to grow at an annual rate of 1.7 percent in 2001. Americans were used to the private sector dominating the economy while the public sector's role dwindled. However, post-September 11, the pendulum has swung the other way. Because the United States faces the threat of more terrorist attacks on its own soil and sustained military action abroad, the public sector has to step in and control the economy. To put this into perspective, in the 1990s, the size of the military capital stock declined, while the amount of private business capital stock rose 31%. The S&P 5000 has grown by only 16% since its 52-week low."

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