Stock Market Plunge After Semptember 11, 2001

pStock Market Plunge aft(prenominal) kinfolk 11 , 2001The 9-11 bratwurstist approaching had a profound impact on the thrift of NY urban ticker , Washington DC and the nation . Labor markets , financial markets dose and small businesses were dramatically affectedAccording to the Report to Congress on stinting Effects of 9 /11 published in 2002 , The 9 /11 fervency dislocated , disrupted and destroyed sound 18 ,000 businesses in and around WTC . economical disruption proper(a) away spread to countless firms across the U .S In attacks of this magnitude small businesses are more than vulnerable p A June 2004 teach by the Bureau of Labor Statistics highlighted the productivity expiration in New York City . Within the urban center , the attack resulted in ab let out 430 ,000 prejudice concern months and loss in wage s of 2 .8 billion . These wooly antic months were similar to approximately 143 ,000 jobs each month , for three months .

The operation of 9 /11 was centered on city s ` merchandise economy , which represented 68 percent of all confused job months and 86 percent of all lost wagesA study conducted by the New York Foundation 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 / independent contractor jobsImmediately after 9 /11 according to a number of reports , Boards of Directors of make headway of American companies handed out millions of bargain-pri ced stock options to their swipe executives! . Ninety one companies that didn t on a regular basis grant stock-options in September did so in the inaugural two weeks following the terror attack . They were worth about(predicate) 325 million . The terrorist attack bar the stock market for old age . When it reopened on September 17 , the stock market had slid more than 14 over 5 days , in the whisk full week for the Dow Jones industrial average since Germany invaded France in whitethorn 1940 (The extensive Picture Post-9-11 picking Grants below Scrutiny .htmSourcesThe Big Picture Post-9-11 Option Grants Under Scrutiny .htmKnow More Media Economic Impact of 9-11 Attacks Still Resonates .htmPAGEPAGE 3...If you indirect request to get a full essay, order it on our website: OrderEssay.net

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