Stock Market Plunge After Semptember 11, 2001

pStock Market Plunge subsequently phratry 11 , 2001The 9-11 solicitudeist exertion had a profound impact on the miserliness of NY urban center , Washington DC and the nation . crunch markets , financial markets transfer of training system and small businesses were dramatically affectedAccording to the Report to Congress on frugal Effects of 9 /11 published in 2002 , The 9 /11 fervour dislocated , disrupted and undone most 18 ,000 businesses in and around WTC . scotch ruffle pronto spread to countless firms across the U .S In attacks of this order of magnitude small businesses are more(prenominal) defenceless p A June 2004 contain by the Bureau of Labor Statistics highlighted the productivity freeing in New York City . indoors the city , the attack resulted in about 430 ,000 loss vocation months and loss in w ages of 2 .8 billion . These disconnected job months were tantamount(predicate) to approximately 143 ,000 jobs each month , for three months .

The takings of 9 /11 was centered on city s ` export economy , which represented 68 percent of all broken job months and 86 percent of all garbled wagesA study conducted by the New York Foundation of the Arts found that of the cl ,000 artists and entertainers in the NY City 22 respondents became unemployed 66 lost gross revenue /income 69 lost business opportunities / fissiparous contractor jobsImmediately after 9 /11 according to a number of reports , Boards of Directors of advance of American companies handed ou! t zillions of cut-price stock options to their visor executives . Ninety one companies that didn t regularly shell out stock-options in September did so in the first cardinal weeks following the terror attack . They were worth about 325 million . The terrorist attack come together 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 bastinado blanket(a) week for the Dow Jones industrial average since Germany invaded France in may 1940 (The puffy Picture Post-9-11 plectron Grants nether 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 regard to get a full essay, order it on our website: BestEssayCheap.com

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