Terrorism has become a raging epidemic this last decade. None can argue that the most damaging example was the attack on the two towers of the World Trade Center. This by far was the most damaging, awakening, and notorious attack of terrorism that the world has seen on mankind yet. This was but one of many types of terrorism that the groups known as Al-Quaeda and Hezbola use on a daily basis to harass and belittle their enemies. Other types of terrorism are guerilla warfare, remote bombing, suicide bombing, hi-jacking, biological contamination, and random shootings. This undoubtedly takes its toll of pain and money on the people victimized, but how does it damage so many more people in the process? This is a problem with many causes and many effects. The questions are simply: how does terrorism affect our economy, by damaging it how does it affect us, and what are we doing to offset the effects of .
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terrorism and repair our infrastructure? Damaging our economy, of all other effects of terrorism, has the most far-reaching effect on the U.S.
In a cost analysis the attack on the World Trade Center has cost us billions of dollars, thousands of hours of human labor, multi-million dollar buildings, priceless loved ones, and vital businesses (counsel of foreign relations). Insurance agencies could not keep up with the loss of lives and property that was damaged; many companies went bankrupt or looked to our government for aide. The government was the one left with the bill. Many businesses filed for bankruptcy, and our economy suddenly took a turn for the worse. Businesses making enormous layoffs due to lack of business, and a decline of imports and exports not only damage our own lives, but it crushes the economies of the banana republics that depend on our economy. In addition to the pressure and paranoia of joblessness, gas prices skyrocket and for no reason other than profit.