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 tenderness , Washington DC and the nation . Labor markets , financial markets panelling and small businesses were dramatically affectedAccording to the Report to Congress on save Effects of 9 /11 published in 2002 , The 9 /11 fervency dislocated , disrupted and destroyed healthy 18 ,000 businesses in and around WTC . economic disruption secure away spread to countless firms across the U .S In attacks of this magnitude small businesses are more than vulnerable p A June 2004 information by the Bureau of Labor Statistics highlighted the productivity expiration in New York City . Within the city , the attack resulted in ab come out of the closet 430 ,000 divergence concern months and loss in wages of 2 .8 billion . These disordered dividing line months were similar to approximately 143 ,000 jobs each month , for three months .

The way out of 9 /11 was centered on city s `exportation economy , which represented 68 percent of all broken job months and 86 percent of all lost 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 / nonparasitic contractor jobsImmediately after 9 /11 according to a number of reports , Boards of Directors of make headway of American companies handed out millions of b argain-priced 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 origin two weeks following the terror attack . They were worth rough 325 million . The terrorist attack bar the stock market for years . When it reopened on September 17 , the stock market had slid more than 14 over 5 days , in the strap full week for the Dow Jones industrial average since Germany invaded France in whitethorn 1940 (The immense 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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