9.11对美国经济的影响 英文报告(另有PPT)

The Impact of the 9/11 Terrorist Attacks on the US Economy

The September 11, 2001 attack on the World Trade Center severely shocked the New York City economy,which has effected US economy in many ways. The magnitude of the shock pushed the City's slowing economy into a recession. The attacks themselves caused approximately $40 billion in insurance losses, making it one of the largest insured events ever.[1]

1 Financial markets

In international and domestic markets, stocks of companies in some sectors were hit particularly hard. Stock exchanges closed 1week After the initial panic, the DJIA（Dow-Jones Industrial Average）quickly rose for only a slight drop.Table I highlights the Dow Jones’s resilience to terrorist attacks against U.S, which has running down at the top speed of the 10 events we list.

And the crude oil price,as u can see from the picture,the has been risen since 1997, however,it has falled into a valley in 2001.

2. Airlines and aviation 航天航空业

The American Airlines industry was already in trouble due to the recession, but the 9/11 attacks came to worsen the situation. Share prices of airlines and airplane manufacturers plummeted after the attacks. Many airlines were threatened with bankruptcy, and tens of thousands of layoffs were announced in the week following the attacks.

3 Tourism 旅游业

Tourism in New York City also plummeted , causing massive losses in a sector which employed 280,000 people and generated $25 billion per year. In the week following the attack, hotel occupancy fell below 40%, and 3,000 employees were laid off.

4 Consumer Confidence in Regards to Spending

personal consumption expenditures and personal income and the disposition of income represent a few of the indicators depicting consumer confidence.Note, however, that the purpose here is to simply point out economic growth and consumer confidence level changes during the year of the attacks

5 Foreign Direct Investments in the United States

Foreign investments in the United States fared quite well, as demonstrated in Tables IV and V, Clearly, they deduced that such an occurrence was rare and did not require an exodus en masse from US markets. there was a decline in cumulative FDI stock in the United States, falling from a record 31.5 percent growth in investments in 2000 to a 6.9 percent growth by the end of 2001.

6 Unemployment

The events of 9/11 immediately affected the U.S. labor market. With the unemployment rate already above the 3.9% reached during the 1990s economic expansion, the 9/11 attacks worsen the condition of the workers already annoyed by the recession that started in March 2001.for example, tens of thousands of employees in airlines,and 3,000 in tourism were layoff.

7 illegal immigration

One indicator of illegal immigration—the number of migrants apprehended at the

U.S.–Mexico border—also shows a drop at the beginning of 2001 (Chart 4).

8 fiscal policy and budgetary resources

Tables7 and 8 show US receipts and expenditures for the 1992-2006 period

The events of September 11 lead to an increase in national security and an increase in U.S. military spending,whose expenditures reached double-digit percentage increases following the 2001 attacks,as you can see from the table 6

9 New York City (NYC)

The city of New York was severely affected by the 9/11 attacks. Nearly 3,000 people lost their lives, more lost their job, the number of small businesses drop roughly, 1.5 billion USD were required to cleanup and restore the World Trade Centers' site; and more than 20 billion USD were needed to repair damaged buildings and destroyed infrastructure

1 Financial markets

2. Airlines and aviation 航天航空业

3 Tourism 旅游业

4 Consumer Confidence in Regards to Spending

5 Foreign Direct Investments in the United States

6 Unemployment

7 illegal immigration

8 fiscal policy and budgetary resources

9 New York City (NYC)

10 Conclusion