This document contains testimony of various eyewitnesses to the September 11, terrorist attack at the Pentagon in Washington, D. Department of the Army.
Bond markets, inside and outside the U.
There now seems little doubt that the U. The aerospace, insurance and banking industries, directly connected with the attack, will suffer the most. The airline sector had already been suffering a slowdown as a result of lower economic growth and cutbacks in business travel.
Then, at the moment the first plane hit the first tower, the U. In the ten days that followed, nine U. Airports and aerospace also felt the credit impact.
In New York, the Port Authority of New York and New Jersey, housed in the World Trade Center, was placed on credit watch with negative implications, and, in the days that followed, every North American airport and airport-related special facility and 13 commercial aerospace companies--airplane manufacturers; engine producers; suppliers of aircraft systems, components, and materials; and vendors providing aviation support—were put on credit watch with negative implications.
The effect of the attack on the World Trade Center, due to diminished air travel, goes further in affecting the hotel industry and tourism. Now, as the death toll rises and as property damage is beginning to be assessed, it seems quite likely that this catastrophe will be insurers' largest-ever insured loss.For more information, see: Attack in New York.
On most days 50, people worked at the World Trade Center and another 40, had appointments there. The two planes struck at am and am when the North and South Tower buildings, stories tall, were only half full.
Mar 05, · And because of the central importance of Singapore’s port to its economy, an attack that shut it down even temporarily would have a major negative impact on .
The economic effects arising from the September 11 attacks were initial shocks causing global stock markets to drop sharply. The September 11 attacks themselves resulted in approximately $40 billion in insurance losses, making it one of .
Sep 26, · Cost of replacing WTC technology - the cost of restoring and replacing information technology and communications infrastructure in and around the former World Trade Center could reach $ billion, according to a preliminary estimate by an independent research firm (Reuters).
For example the bombing of tthe World Trade Center in claimed 6 lives and that was the worst thing the police department, fire department, insurance . The impact of the World Trade Center tragedy of September 11 on the economy of the USA The September 11 attacks in New York and Washington have already cost America thousands of lives and billions of dollars in damages.