The flag that stands for freedom still stands! But what does not stand any longer is the Twin Towers in New York. On September 11, 2001, terrorism hit the United States not with missiles, but our own airplanes. Terrorists took control of aircrafts on this sad day and flew them into the Pentagon and Twin Towers leaving many dead and the rest of us crippled.
Three major indicators of economic conditions are 1) the gross domestic product (GDP), 2) the unemployment rate, and 3) the price indexes. Unemployment jumped a half-point to 5.4 percent in October and will reach to 6 percent in coming months. Even the most common job openings like McDonald's took down the signs "Now Hiring."" Airlines took the hardest fall. Indianapolis alone had 300 layoffs. September alone carried over 150,000 layoffs for this country. Fortunately, layoffs have slowed to a trickle, but Bruce Steinberg, chief economist at Merrill Lynch in New York, say profits are likely to plumb post-World War Two lows in the fourth quarter, and the job cuts are far from over.
That being said, there's no question were being hurt by the terrorist attacks. Production is centered on the ability to anticipate consumer demand. When a shock like September 11 occurs, consumer behavior changes radically. For example, the demand for travel and related services falls, while the demand for security rises. It takes time for both the government and the private sector to adapt to these changes, although an impressive array of government monetary and fiscal ammunition has been brought into play. But after the readjustment is made, there is little reason why corporate profits should be any lower than they were before the terrorist attacks.
Few sectors dodged fallout from the attack. Dow headed for the worst week since the Depression. Panic struck the market. Since resuming on Monday, a week after the attacks, after four post-attack down days, the Dow industrials had tumbled more than 1,400 points, or about 14%.
Pakistan's economic inheritance. 2) Economy i. What is Economy 3) Devaluation i. ... Economy. What is economy? ... Wars and hostility is a strain on the economy causing depletions of important resources to be spent on defense instead of on the deserving population. ...
The United States Economy is being negatively impacted by the prospect of war with Iraq. Many times uncertainty about the future has an even more negative effect on the economy than being involved in the actual war. This seems to be the case with the United States as we continue to anticipate a change in our country's status. ... When considering the possible scenarios regarding a war with Iraq which include a quick war that does not impact oil prices, a long, drawn-out war with sends oil prices way up, and doing nothing but talking about the possibility of a war, the most negative impac...
The South's economy was devastated, and the northern ideals flourished. ... With no more slaves to work the southern plantation crops, their economy was devastated. ... Northern industry expanded during the war and continued to grow stabling the economy. ... With the end of the Civil War, the northern ideals flourished, and the South's economy was devastated. ... This would have totally changed our machine dependent life of today. ...
Are Wars Good For The Economy? ... First it explains why people think that war is good for the economy. ... So in the short run the war will hurt the economy of the United States and their allies. ... The economy of the United States could improve in the long run due to the war for a couple of reasons: 1) The Oil in Iraq, which even if that is not the sole purpose we went to war, the US oil companies will have better access to oil making the price go down stimulating the economy. 2) Stability and Economic Growth in the Middle East which will mean that the United States can spend less mon...
Throughout the history of our world, political theories have governed nations great and small; regulating the teeming masses. ... Because of this, Iraq was able to control OPEC and had control of the world's economy. ... In the 1980's, Iraq's main foreign policy was the war in Iran. ... This war was a burden on Iraq politically, economically, and socially. ... Another goal of the Baath was to socialize the economy. ...
A major event in this war was the Tet Offensive, which profoundly affected American history by impacting our politics, economy, military, and society. ... It affected the American economy, boosting personal prosperity with new jobs but greatly increasing the national debt, due mainly to the vast amounts of money spent on the war effort after the Tet Offensive. ... In 1964, he began an extensive escalation of our war efforts. ... The impact of the war on the economy of the United States was extensive after the Tet offensive. 50 billion dollars a year was spent on the war in the years followi...
The War in Iraq, the faltering economy, and terrorism have made people very tense about what direction our country is heading. In particular the war in Iraq brought out many different opinions and many of them were against the action our government took. ... Whether its war, public school funding, or the economy people speaking on an issue exemplifies what patriotism truly is. ... The war in Iraq sparked such a debate. ... In the end, our government and the American people decided that war was the best option. ...
How should we get our point across? How many lives need to be lost to make our point? And finally, what is our point? Humans must be taught that war is not the solution to all our problems. ... The Versailles treaty let all the World War I involved countries to get back to rebuilding their economies and governments. ...
The Primary Cause of the American Civil War: Economics More than one million people dead and a nation torn apart. "A fight against slavery" it was said, but was that the main reason the war was fought? Or is that just what our nation says to glorify our past? There were many factors that contributed to the United States" Civil War, but the main reason for the war can be attributed to the economic differences between the Northern and Southern parts of the United States. ... The north and south had very different economies. ...
