1. The Market after 9/11
The destruction of New York's World Trade Center near Wall Street shook the world financial markets after the incident of stocks dropped, oil prices surged, and money flooded into Treasury bonds. ... "This is a major, major act of war and act of terrorism that will have widespread economic consequences," said Jeremy Siegel, professor of finance at the Wharton School of Business. ... The markets in the USA was closed for a couple days after the incident, bond markets had risen strongly, and equity markets have basically collapsed quickly". After the four-day shutdown of the market, the Fe...
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- Grade Level: Undergraduate