224k views
25 votes
What two economic impacts did the 9/11 attacks have?

User Bukola
by
7.0k points

2 Answers

11 votes

Final answer:

The 9/11 attacks had two major economic impacts: economic vulnerability of New York City and temporary setbacks in the national economy.

Step-by-step explanation:

The 9/11 attacks had two major economic impacts:

  1. Economic vulnerability of New York City: The attacks caused a significant loss of jobs in New York City as many workers were left unemployed. Additionally, the city had to spend millions of dollars in dealing with the aftermath of the attacks, further straining its economy.
  2. Temporary setbacks in the national economy: The stock market experienced dramatic losses when it reopened after the attacks, as investors fled due to uncertainty. However, there was also a patriotic response from some Americans, who believed it was their duty to support the economy through personal spending.
User Tonja
by
6.7k points
10 votes
Twin towers in New York
User Soroush Mirzaei
by
6.5k points