MEMBERS:
E. Haught
S. Pell
A. Haught
C. Minder
Z. Winland

SYNOPSIS

Economy changed during the Cold War because of the amount of missiles that were being made to bomb the Soviet Union. The economy changed after 9-11 because our world trade was greatly effected.

QUESTIONS:

  1. Why did the terrorists on 9-11 target the World Trade Center?
  2. What is the Cold War?
  3. What caused the Cold War?

ANSWERS:
  • The terrorists targeted the World Trade Center because they wanted to affect the world's economy. They wanted to slow military defenses so that they could try to take the Afghani people. Terrorists destroyed the World Trade Center twin towers because they were a symbol of America. They were a symbol of prosperity, optimism, finance, culture, and much more. The terrorists wanted to make a huge impact on the U.S. by creating one of the biggest disasters in U.S. history. The towers were the tallest buildings in the world for 13 months, from April 1973-May1974,when Chicago's Sears Tower surpassed them by 72ft.
  • The Cold War was a war that never actually happened. It was between the United States and the Soviet Union. It started in 1945, after World War II. It ended in 1991 and lasted around 46 years. The Soviet Union planned to fight us, but the knew we were more powerful. Therefore, the Cold War was a war with no physical fighting. It was called the Cold War because it never led to armed or "hot" conflict
  • An intense rivalry between communist and non-communist nations led to the Cold War. Lack of a mutual agreement on German re-unification marked the start of the Cold War. When the USA decided to drop the atomic bomb on Japan, the USSR was upset that American secretly made the bomb.

INFORMATION:
Global Economy during transition from Cold War to post 9-11:

Downfalls from 9-11:
The initial shock from the attack on 9-11 caused global stock markets to drop quickly. The attacks themselves caused about $40 billion in insurance loss, making it one of the largest insured events ever.
The New York Stock Exchange was delayed, and trading for the day was canceled after the two planes crashed into the World Trade Center towers. NASDAQ canceled trading, and the London Stock Exchange and other stock exchanges were also evacuated. The New York Stock exchanges remained closed for a few days. This was the third time in history that the NYSE experienced prolonged closure. Trading on the United States bond market also ceased. The New York Mercantile Exchange was closed for a week after the attacks.
Insurance losses due to 9/11 were more than 1.5 times greater than what was previously the largest disaster (Hurricane Andrew). The losses included business interruption property, liability, worker's compensation, and others.
Losses include $11.0 billion from business interruption, $9.6 billion from property, $7.5 billion from liability, $1.8 billion from workers compensation, and $2.5 billion from others.
Tourism in New York City went downhill, causing massive losses in a sector which employed 280,000 people and generated $25 billion per year. Hotel occupancy also fell below 40%, and 3,000 employees were laid off. Tourism and hotel occupancy also fell majorly across the nation.

LINKS:
Click here to see a map we made of where sitings of the Cold War and 9-11 were:
**google map of cold war to post 9-11**


PICTURES:

external image Defense%20Spending%201.png
The CLEAR Act targets a 20% reduction in U.S. greenhouse gas emissions by 2020, relative to a 2005 benchmark, but the bill's emissions cap on fossil fuel emissions would require cuts just 5 percent below 2012 levels, making that target aspirational.


external image 9495b7ee-4802-53d4-b361-f2e4a766dbf9.preview-300.jpg
This book is a well-written account of how both major political parties dealt with the changing reality of the end of the Cold War.
CITES:

http://www.google.com/imgres?imgurl=http://thebreakthrough.org
http://www.essortment.com/all/effectswhatcav_mmy.htm
http://bloximages.chicago2.vip.townnews.com/
http://wiki.answers.com/Q/Why_did_terrorist