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Essay / Research Paper Abstract
This 10 page paper looks at the 2001 economy and makes predictions for the future. The events of September 11, 2001 is a primary component of this paper that views the economy before and after the event. The primary indictor discussed is consumer spending, something used to predict the future of the economy. Bibliography lists 5 sources.
Page Count:
10 pages (~225 words per page)
File: RT13_SA145eco.rtf
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Unformatted sample text from the term paper:
The events of September 11, 2001 is a primary component of this paper that views the economy before and after the event. The primary indictor discussed is consumer spending, something
used to predict the future of the economy. Bibliography lists 5 sources. SA145eco.rtf I. Introduction The current status of the
economy in the United States is not stellar. Even prior to the terrorist attacks on the United States on September 11, 2001, the national economy would probably have experienced
the most severe deceleration since the 1974 oil price shock anyway. It is difficult to predict what will happen to the U.S. economy in the future, but looking at
consumer spending, a valid economic indicator, some inkling of what will happen next, should emerge. While the future is not certain, the
present state of the economy is in part attributable to the events of September 11th, and in part attributable to a cumulative effect of a fledgling economy since 2000. While
the 1990s were good, the bears were coming out of the closet long before September 11th. At the same time, this October was one of the worst months in decades.
Would October have been just as bad without a terrorist attack? Maybe. On October 24, 1929 and October 19, 1987 people were shocked and not because of terrorism, but rather
because they were terrified of a future without wealth. During those two stock market crashes, people lost their shirts. Things were different for a time. Why should October of 2001
be any different? Many of the same economic conditions that preceded the periods of depression and recession have been evident over the
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