By Eric Gonzalez 1002

Black Tuesday

Black Tuesday in a local newspaper.

Black Tuesday Crash This is a comparison of percentage between Black Tuesday and the days after Black Tuesday

9/11 and the economic changes On September 11, 2009, The terrorists goal was to cripple the U.S. economy by destroying its centers of power: Wall Street, the Pentagon and the White House. The first two planes successfully hit their targets. The New York stock exchange drop significantly.

Economy Today The stock market closed for four trading days after the attacks, the first time since the Great Depression. (In March 1933, President Roosevelt closed the markets for two days, as part of a bank holiday to prevent a run on the banks.) The stock market reopened on September 17, The Dow promptly fell 7.13%, closing at 8, The point loss was the Dow's worst one-day drop ever. The 9/11 attacks aggravated the 2001 recession, which started in March The economy had contracted 1.3% in the first quarter, but had bounced up 2.7% in the second quarter. The attacks made the economy contract 1.1% in the third quarter, extending the recession. The 2001 recession was caused by the Y2K scare, which created a boom and subsequent bust in internet businesses.

The economies biggest risk over the next twelve months

Comparison from Black Tuesday and Today.