Terrorism And Its Effect Upon The Economy

6 Pages 1396 Words

Terrorist attacks have many effects upon the nation that is attacked; the attack can have effects on the economy, as well as the well being of the citizens. Terrorism has been an extreme influence upon aspects of a nation’s well being since the dawn of the economy. Terrorism is a social issue where in which a organization uses force to meet demands from a source of power. Terrorism can effect the media as well as the sociological, the physiological, the physical, the ecological, and the legal aspects of a nation.
The sociological effect a terrorist attack can have on a nation is massive, perhaps greater then the obvious physical effect. Terrorist attacks against our nation in recent memory have had serious effects on the economy forcing it to slow down. Recently, involving the terrorist attack on September 11th 2001, stocks and profits fell so low that some economists felt that our nation would experience recession. “Forecasters, for the most part, are predicting a mild recession with recovery starting next spring… consumer confidence, suggest that the recession could be much deeper than is being forecast.” (Campbell, Bruce. “What Paul Martin Should Do”.www.policyalternatives.ca/publications/35.html). Companies, businesses, and corporations also experience slow profits during periods after terrorist attacks. These economic problems also slow inflationary pressure that also puts other strains on regular living in a market economy system.
In recent aftermath of a terrorist attack people’s lifestyles also change. “Terrorist friendly” areas such as airports, and large buildings increase security drastically to insure safety. Other places such as stadiums also increase security during sporting and other events held inside the stadium.
Society also attempts to prevent acts against terrorism by creating many anti-programs and organizations. The programs and organizations vary in methods of prevention, howeve...