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Economic effects arising from the September 11 attacks

Index Economic effects arising from the September 11 attacks

The economic effects arising from the September 11 attacks were initial shocks causing global stock markets to drop sharply. [1]

65 relations: American Airlines, American Airlines Flight 11, Argentina, Bâloise, Berkshire Hathaway, Bond market, Brazil, California, Canada, Cantor Fitzgerald, Concorde, Currency, Discount window, Euro, Export, Federal Reserve System, Gander International Airport, Germany, Gold as an investment, Government of New York City, Great Depression, Gross domestic product, Halifax, Nova Scotia, Homeland security, Hurricane Andrew, Insurance, Japanese yen, Latin America, Liability (financial accounting), Lloyd's of London, Loan guarantee, London Stock Exchange, Lower Manhattan, Market liquidity, Midway Airlines (1993–2003), Military, Munich Re, NASDAQ, New York City, New York Mercantile Exchange, New York Stock Exchange, Newfoundland and Labrador, Nova Scotia, Operation Yellow Ribbon, Pound sterling, Price of oil, Rationale for the Iraq War, Reinsurance, Roger W. Ferguson Jr., September 11 attacks, ..., Small business, Small Business Administration, Spain, Stock market, Swiss Life, Swiss Re, Tourism, Transport Canada, United Airlines, United Airlines Flight 175, United States dollar, Wall Street, Workers' compensation, World Trade Center (1973–2001), World War I. Expand index (15 more) »

American Airlines

American Airlines, Inc. (AA) is a major United States airline headquartered in Fort Worth, Texas, within the Dallas-Fort Worth metroplex.

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American Airlines Flight 11

American Airlines Flight 11 was a domestic passenger flight that was hijacked by five al-Qaeda members on September 11, 2001, as part of the September 11 attacks.

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Argentina

Argentina, officially the Argentine Republic (República Argentina), is a federal republic located mostly in the southern half of South America.

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Bâloise

Bâloise Holding AG is a Swiss insurance holding company headquartered in Basel.

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Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States.

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Bond market

The bond market (also debt market or credit market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.

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Brazil

Brazil (Brasil), officially the Federative Republic of Brazil (República Federativa do Brasil), is the largest country in both South America and Latin America.

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California

California is a state in the Pacific Region of the United States.

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Canada

Canada is a country located in the northern part of North America.

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Cantor Fitzgerald

Cantor Fitzgerald is a financial services firm that was founded in 1945.

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Concorde

The Aérospatiale/BAC Concorde is a British-French turbojet-powered supersonic passenger airliner that was operated from 1976 until 2003.

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Currency

A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

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Discount window

The discount window is an instrument of monetary policy (usually controlled by central banks) that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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Export

The term export means sending of goods or services produced in one country to another country.

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Federal Reserve System

The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.

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Gander International Airport

Gander International Airport is located in Gander, Newfoundland and Labrador, Canada, and is operated by the Gander International Airport Authority.

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Germany

Germany (Deutschland), officially the Federal Republic of Germany (Bundesrepublik Deutschland), is a sovereign state in central-western Europe.

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Gold as an investment

Of all the precious metals, gold is the most popular as an investment.

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Government of New York City

The government of New York City, headquartered at New York City Hall in Lower Manhattan, is organized under the New York City Charter and provides for a "strong" mayor-council system.

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Halifax, Nova Scotia

Halifax, officially known as the Halifax Regional Municipality (HRM), is the capital of the Canadian province of Nova Scotia.

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Homeland security

Homeland security is an American umbrella term for "the national effort to ensure a homeland that is safe, secure, and resilient against terrorism and other hazards where American interests, aspirations, and ways of life can thrive to the national effort to prevent terrorist attacks within the United States, reduce the vulnerability of the U.S. to terrorism, and minimize the damage from attacks that do occur".

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Hurricane Andrew

Hurricane Andrew was a Category 5 Atlantic hurricane that struck the Bahamas and Florida in mid-August 1992, the most destructive hurricane to ever hit the state until Hurricane Irma surpassed it 25 years later.

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Insurance

Insurance is a means of protection from financial loss.

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Japanese yen

The is the official currency of Japan.

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Latin America

Latin America is a group of countries and dependencies in the Western Hemisphere where Spanish, French and Portuguese are spoken; it is broader than the terms Ibero-America or Hispanic America.

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Liability (financial accounting)

In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.

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Lloyd's of London

Lloyd's of London, generally known simply as Lloyd's, is an insurance market located in London, United Kingdom.

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Loan guarantee

A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults.

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London Stock Exchange

The London Stock Exchange (LSE) is a stock exchange located in the City of London, England.

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Lower Manhattan

Lower Manhattan, also known as Downtown Manhattan or Downtown New York, is the southernmost part of Manhattan, the central borough for business, culture, and government in the City of New York, which itself originated at the southern tip of Manhattan Island in 1624, at a point which now constitutes the present-day Financial District.

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Market liquidity

In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price.

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Midway Airlines (1993–2003)

Midway Airlines was an airline based in Morrisville, North Carolina, USA, between Raleigh and Durham.

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Military

A military or armed force is a professional organization formally authorized by a sovereign state to use lethal or deadly force and weapons to support the interests of the state.

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Munich Re

Munich Re Group or Munich Reinsurance Company (Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a reinsurance company based in Munich, Germany.

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NASDAQ

The Nasdaq Stock Market is an American stock exchange.

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New York City

The City of New York, often called New York City (NYC) or simply New York, is the most populous city in the United States.

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New York Mercantile Exchange

The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago.

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New York Stock Exchange

The New York Stock Exchange (abbreviated as NYSE, and nicknamed "The Big Board"), is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York.

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Newfoundland and Labrador

Newfoundland and Labrador (Terre-Neuve-et-Labrador; Akamassiss; Newfoundland Irish: Talamh an Éisc agus Labradar) is the most easterly province of Canada.

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Nova Scotia

Nova Scotia (Latin for "New Scotland"; Nouvelle-Écosse; Scottish Gaelic: Alba Nuadh) is one of Canada's three maritime provinces, and one of the four provinces that form Atlantic Canada.

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Operation Yellow Ribbon

Operation Yellow Ribbon (Opération ruban jaune) was commenced by Canada to handle the diversion of civilian airline flights in response to the September 11 attacks in 2001 on the United States.

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Pound sterling

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

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Price of oil

The price of oil, or the oil price, (generally) refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent ICE, Dubai Crude, OPEC Reference Basket, Tapis Crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS).

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Rationale for the Iraq War

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Reinsurance

Reinsurance is insurance that is purchased by an insurance company.

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Roger W. Ferguson Jr.

Roger W. Ferguson Jr. (born October 28, 1951 in Washington, D.C.) is an American economist, who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1999 to 2006, and has served as President and Chief Executive Officer of the Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA) since April, 2008.

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September 11 attacks

The September 11, 2001 attacks (also referred to as 9/11) were a series of four coordinated terrorist attacks by the Islamic terrorist group al-Qaeda against the United States on the morning of Tuesday, September 11, 2001.

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Small business

Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.

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Small Business Administration

The Small Business Administration (SBA) is a United States government agency that provides support to entrepreneurs and small businesses.

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Spain

Spain (España), officially the Kingdom of Spain (Reino de España), is a sovereign state mostly located on the Iberian Peninsula in Europe.

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Stock market

A stock market, equity market or share market is the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as those only traded privately.

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Swiss Life

The Swiss Life Group is the largest life insurance company of Switzerland and one of Europe’s leading comprehensive life and pensions and financial solutions providers, with approximately CHF 185 bn of assets under management.

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Swiss Re

Swiss Reinsurance Company Ltd,"." Swiss Re.

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Tourism

Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours.

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Transport Canada

Transport Canada (Transports Canada) is the department within the government of Canada which is responsible for developing regulations, policies and services of transportation in Canada.

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United Airlines

United Airlines, Inc., commonly referred to as United, is a major United States airline headquartered in Chicago, Illinois.

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United Airlines Flight 175

United Airlines Flight 175 was a scheduled domestic passenger flight from Logan International Airport, in Boston, Massachusetts, to Los Angeles International Airport, in Los Angeles, California.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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Wall Street

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City.

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Workers' compensation

Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for the tort of negligence.

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World Trade Center (1973–2001)

The original World Trade Center was a large complex of seven buildings in Lower Manhattan, New York City, United States.

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World War I

World War I (often abbreviated as WWI or WW1), also known as the First World War, the Great War, or the War to End All Wars, was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918.

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References

[1] https://en.wikipedia.org/wiki/Economic_effects_arising_from_the_September_11_attacks

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