Before the 9-11 attacks Americans thought that they were safe from foreign aggressions in their own country, but today, many feel a comprehensible nervousness of the future. The confidence of the consumer is weak. Shortly after the attacks, 40% of the consumers glide to reduce to the expenses and 42%, to reduce their trips due to the attacks. Many businesses were seen directly affected by the crisis, and many others are cautious at the time of making new investments. Before the attacks, the indicators were viable. The cost of consumption had been more elevated in August and seemed to continue with normality at the beginning of September.

On the other hand, the investment continued lowering, and had diminished a 15% in the Second trimester. Stock-market had a low for a moment and the confidence of the consumers was decaying at the beginning of September. There is an ample consensus in which the terrorist attacks will take to the swaying American economy recession and to the world-wide economy to a period of slow growth. “The American GIP probably will fall in a 1% as much in the third as in the fourth trimester of 2001, with a possible much greater declivity in fourth trimester if the consumers stay cautious”. <17>

The short term impact of the attacks has mayor consequences that the suffering of the industries directly affected. There has been an increase of the uncertainty that has waked up between the industralists and the consumers desire to hope and to see before carrying out greater economic compromises. It is natural that some consumers react to this uncertainty, containing the expenses. But the impact of this caution on the part of all the consumers has consequences, since a fall in the total consumption, it causes dismissals and an increase of unemployment, and therefore less income available to spend. The businesses also reacted with caution before the uncertainty and restrain the investments.

The terrorist attacks will not modify the basis of the globalized economy. Nvertheless the attacks have increased the costs of tavelling and doing businees world wide. The increease in security measures and the greater degree of uncertainty will definite have an effect on domestic markets, especially consumption within the US may bound to decrease. Businness will carry out but within a more cautious framework, taking into consideration prevoiusly unforseen risks such as terrrosits attacks. After the 9-11 attacks closely related countries will probably experience an increase in trade due to the uncertainty and risks of trading with internal poltical or social instability or simply wioth different interests and views, multinational corporations will have a major role in bringing countries together; thus, trying to overcome the widely extended atmosphere of insecurity.

The process of reconstruction to reactivate the economy will be briefly explained in the following chapter. That is why it is important to mention that the September eleven attacks have been used by the government to justify other military actions in different parts of the world. Irak is a clear example of the US actions towards alleged terrorist countries. With the war with Irak the US has strategically placed american companies to be in charge of the reconstruction, as well as the oil in this country.

Notes:

<17> Falk, Richard, The great terror war: the world after September 11, Interlink Publishing Group, Inc., New York, 2002, p.p. 22-25.