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Essay / Research Paper Abstract
A 5 page overview of the impact the September 11, 2001 terrorist destruction of the World Trade Center and the subsequent attack on the Pentagon itself has had on the airline industry. Addresses impacts such as increased security and safety concerns and costs, resulting unemployment, loss of customer base due to an increased fear of flying, and other economic concerns. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: AM2_PPairEcn.rtf
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Unformatted sample text from the term paper:
of the September 11, 2001 terrorist destruction of the New York World Trade Center and the partial destruction of the U.S. Pentagon. Indeed, these attacks have left a tremendous
toll throughout the American economy in general and, even more importantly, in terms of the number of human lives lost and pain and suffering. In addition to economic costs
of the attacks themselves, the economic cost involved with U.S. retaliation have been tremendous. Each will undoubtedly have a long term effect on the airline industry overall.
The timing of the September 11, 2001 terrorists attacks in regard to their impact on the airline industry couldnt have been worse.
In reality the U.S. economy had been in a slump for quite some time. This had been the case in several other countries economies around the world and their
problems had a direct effect on the U.S. economy (Haffenreffer, 2001). While speculation was rampant that the economy was in a recession prior to the attacks, however, this now
seems to be a common consensus among many of the nations financial experts (Powell et. al., 2001). Never-the-less, as Treasury Secretary Paul H. ONeill recently summed up:
"We have a new kind of uncertainty to deal with. It probably was always present, but we
never reflected it in our markets because it was such a remote possibility" (Engardio, Miller and Smith, 2001).
This uncertainty has indeed caused a variety of economic retributions. The most immediate impact of the September 11 attacks was the closing of the
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