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The Effects Of The 9/11, 2001 Attacks On Business Confidence and Financial Markets - Essay Example
Finance & Accounting
Pages 9 (2259 words)
First and Last Name Professor’s Full Name Subject Name 5 August 2011 The Effects of the 9/11 Attacks on Business Confidence and Financial Markets EXECUTIVE SUMMARY The attacks that occurred on September 11, 2001 sent shockwaves around the world. This catastrophic event that caused great emotional devastation and the mass loss of life was something that Americans had never witnessed firsthand before…
Those involved in the news media, along with CEOs and the everyday average business worker, experienced the pain of losing loved ones, not to mention the business disruptions that took place. In the immediate aftermath, most people tried to get through this tragedy by restoring a sense of normalcy as soon as possible. The purpose of this Essay is to examine the effects of the 9/11 attacks on business confidence and financial markets. This paper will build on existing studies by other experts who have previously studied these issues. The 9/11 attacks affected the financial markets and business confidence on a broad range of levels that were surprising to say the least. In terms of stocks and bonds, we must consider what occured at the New York Stock Exchange (NYSE). There were immediate electronic interruptions, not to mention the direct threat to infrastructure. Both of these issues were of immense concern to the New York financial and trading community. Even though the 9/11 attacks were horrific enough in themselves, the physical impact of the attacks is not the subject of this paper. ...
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