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 center , Washington DC and the nation . Labor markets , financial markets superman 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 well 18 ,000 businesses in and around WTC .Economic disruption right away spread to countless firms across the U .S In attacks of this magnitude small businesses are more vulnerable p A June 2004 study by the Bureau of Labor Statistics highlighted the productivity expiration in New York City . Within the city , the attack resulted in about 430 ,000 loss concern months and loss in wages of 2 .8 billion . These lost job months were similar to approximately 143 ,000 jobs each month , for three months .

The effect of 9 /11 was centered on city s `export economy , which represented 68 percent of all lost job months and 86 percent of all lost wagesA study conducted by the New York Foundation of the Arts found that of the 150 ,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-priced stock options to their swipe executives . Ninety one companies that didn t regularly grant stock-options in September did so in the first two weeks following the terror attack . They were worth about 325 million . The terrorist attack bar the stock market for days . When it reopened on September 17 , the stock market had slid more than 14 over 5 days , in the worst full week for the Dow Jones industrial average since Germany invaded France in May 1940 (The Big 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

If you want to get a full essay, wisit our page: write my essay .