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How did 9/11 affect the stock market and economy?
The 9/11 terrorist attacks on America caused significant economic damage in the immediate aftermath, rippling through global financial markets. Airlines and insurance companies took the hardest immediate hit, and U.S. stock markets initially fell more than 10% in the days after.
What was the economic impact of 9 11?
On the first day of trading after the attacks, the market fell 7.1 percent, or 684 points. New York City's economy alone lost 143,000 jobs a month and $2.8 billion wages in the first three months. The heaviest losses were in finance and air transportation, which accounted for 60 percent of lost jobs.
How did 9/11 affect the US socially?
The impact of 9/11 has extended beyond geopolitics into society and culture in general. Immediate responses to 9/11 included greater focus on home life and time spent with family, higher church attendance, and increased expressions of patriotism such as the flying of American flags.
How did the September 11th attacks affect New York City?
The attack on Lower Manhattan killed several thousand people. It displaced 100,000 jobs temporarily, damaged valuable commercial real estate and destroyed essential public and private infrastructure. The downtown area lost nearly 29 million square feet of office space (30% of its total).