The Aftermath of September 11

Paper Summary:

The paper reveals that the United States economy had already been predicted to go into recession when the tragedy of September 11 struck and facilitated the process of aggravating the economic conditions of the country. The paper discusses the subsequent rise in unemployment and its effect on consumer spending as well as the negative impact on investment and borrowing. The paper focuses on the damage inflicted to the airline, tourism and insurance industries. The paper also examines the rise and fall of the US dollar, the interest rates, open market operations and the Federal Reserve's tax policies. The paper includes a large amount of research material.

Outline:
Introduction
Consumer Spending
Low Investment and Borrowing
The Airline and Insurance Industries
Unemployment Since 9/11
Inflation Targeting
Financial Markets
Open Market Operations
Tax Policy
Conclusion

From the Paper:

"The United States economy had already been predicted to go into recession when the tragedy of September 11 struck and facilitated the process of aggravating the economic conditions of this country. The economy crumpled as many US industries were hit severely by the attacks and the slow down finally took the shape of recession. After three quarters of poor GDP growth, it was almost certain that the economy was heading towards recession, but the September 11th attacks accelerated this ongoing negative process."

Sample of Sources Used:

• Allen, Mike. "Inaction on Stimulus Costs Jobs. The Washington Post, December 16, 2001.
• Barry, John M. "Fed Trims Rates but Cites Gains." The Washington Post, December 12, 2001.
• Brostoff, Stephen. "President Bush Pushes for Consensus on Terrorism Insurance." National Underwriter Property and Casualty. October 7, 2002.
• Cooper, James C. & Madigan, Kathleen. "Business Outlook: U.S. Economy: Good News: Mild Recession. Bad News: Mild Recovery." Business Week, December 10, 2001.
• Greenspan, Alan. "Question: Is There a New Economy?" Remarks by Chairman Alan Greenspan at the Haas Annual Business Faculty Research Dialogue. University of California, Berkeley. September 4, 1998. Online. Available: http://www.federalreserve.gov/board docs/speeches/1998/19980904.htm. 9 August 2006.

More papers on The Aftermath of September 11:

• Research Paper # 37834 : "The Aftermath of September 11, 2001"
• Analytical Essay # 6184 : "Policy Rights in the Aftermath of September 11"
• Analytical Essay # 129341 : "The Aftermath of September 11th"

APA Citation:

MLA Citation: