• Research Paper on:
    World Trade Center Attacks and Consumer Spending

    Number of Pages: 12

     

    Summary of the research paper:

    In a paper consisting of twelve pages the impact of the terrorist attacks of September 11, 2001 on consumer spending are considered. Seven sources are cited in the bibliography.

    Name of Research Paper File: LM1_TLCPenta.rtf

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    Unformatted Sample Text from the Research Paper:
    consequence to economic safety that has inevitably been threatened by the combined reactions of fear and a sense of political instability. Bibliography lists 7 sources. TLCPenta.rtf  CONSUMER SPENDING AND THE WORLD TRADE CENTER TERRORIST ATTACK: RECESSION OR RESILIENCY? by (c) October 2001   paper properly! I. INTRODUCTION The horrors of death and destruction thrust upon the United States of America on September 11, 2001 have cause people all around the world to  reconsider the aspect of global safety. Along with these concerns for physical safety, however, is the consequence to economic safety that has inevitably been threatened by the combined reactions  of fear and a sense of political instability. II. THE RIPPLE EFFECT The ripple effect of September 11ths terrorist attack upon the World Trade Center and the Pentagon has  created an enormous void in Americas economy. With recession on everyones mind, this unexpected and violent downslide has placed tens of thousands out of work and threatens to completely  undermine the very foundation of the United States economic system. As a nervous nation looks ahead at the months to come, every indication seems to point to economic distress;  according to economists, "the U.S. economy is going to experience some extremely tough times in the months ahead" (The Ripple Effect). Concerns over inflation, unemployment and interest rates are not  unfounded, inasmuch as every element necessary for a recession is currently present within the American economy. While inflation has been a constant component of an already unstable market, the  United States is now experiencing an even greater separation between personal income and necessary expenditure to the point where people are finding it extremely difficult to meet basic needs. 

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