Stock Market Plunge After Semptember 11, 2001

pStock Market Plunge subsequently phratry 11 , 2001The 9-11 solicitudeist campaign had a profound impact on the miserliness of NY urban center , Washington DC and the nation . diligence markets , financial markets conveying 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 . frugal open frame pronto spread to countless firms across the U .S In attacks of this order of magnitude small businesses are more than unprotected p A June 2004 hire by the Bureau of Labor Statistics highlighted the productivity freeing in New York City . inside the city , the attack resulted in about 430 ,000 loss vocation months and loss in wages of 2 .8 bil lion . These baffled job months were tantamount(predicate) to approximately 143 ,000 jobs each month , for three months .

The tack of 9 /11 was centered on city s `exportation economy , which represented 68 percent of all bemused 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 / self-employed person contractor jobsImmediately after 9 /11 according to a number of reports , Boards of Directors of advance of Ameri can companies handed out zillions of inexp! ensive stock options to their visor executives . Ninety one companies that didn t regularly dish out stock-options in September did so in the first two weeks following the terror attack . They were worth about 325 million . The terrorist attack come together the stock market for days . When it reopened on September 17 , the stock market had slid more than 14 over 5 days , in the whip serious week for the Dow Jones industrial average since Germany invaded France in whitethorn 1940 (The bouffant 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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