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12 pages in length. 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. Bibliography lists 7 sources.
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File: LM1_TLCPenta.rtf
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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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