Economy Before 9-11-01
From Dickinson College Wiki
before september 11th
-shift from intellectual(techonology)to land based (coal and oil industries)sources of growth
-tax and interest rate cuts (lead to rise in housing industry/cost of living)
-global integration
-economy was in 3rd quarter of contraction/recession
-GDP was falling
-Unemployment was rising
-Negative situation of economy after 9/11 cannot necessarily be attributed to the terrorist attacks, because many of the problems were already there before
