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Essay / Research Paper Abstract
This 7 page paper discusses the impact of the 9/11 terrorist attack on the U.S. economy. Bibliography lists 4 sources.
Page Count:
7 pages (~225 words per page)
File: D0_HVIpt911.rtf
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Unformatted sample text from the term paper:
City is "in two parts - a one-time wealth loss and a continuing loss in jobs and Gross City Product (GCP) (Thompson, 2002). In order to calculate the impact on
GCP, "losses are calculated from September 2001 to the end of 2004" (Thompson, 2002). (Since this report was released in 2002, its obvious that the figures at the "end of
2004" are projections.). New York apparently decided on following the economic picture for 3-4 years, because this is the time frame in which the economic impact was noticeable after the
Oklahoma City bombing (Thompson, 2002). The immediate economic impact of the attack on the World Trade Center (WTC) "was the loss of the WTC-area buildings and the deaths of those
who were in the buildings or were killed in rescue efforts" (Thompson, 2002). The total economic impact is estimated at between $82.8-$94.8 billion; lost wealth and capital is $30.5
billion, of which $21.8 billion in the loss of physical plant and property, and $8.7 billion in human loss (Thompson, 2002). This is a figure that is derived by considering
what those who perished would have earned over a normal lifetime; its a figure that gives only an estimate of money earned, not the grief and loss of the people
themselves, which is incalculable. In addition, the replacement value of the Twin Towers themselves is $6.7 billion; other buildings including office towers, businesses and retail stories is estimated to
be $4.5 billion; infrastructure, including "trains, phones, electricity" is estimated at $4.3 billion; "tenants fixtures, computers, furnishings" is estimated at $5.2 billion; and the private cost of "cleanup and victim
assistance" is $1.1 billion (Thompson, 2002). Other expenses included in the estimate of the economic impact include the "destruction of business and personal property left in the buildings, the closing
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