There’s no way around it; the terrorist attacks of 9/11 severely disturbed the U.S. economy. Stock markets plummeted, insurance companies became hesitant to give coverage for future attacks, the airline industry was forever changed, which also affected tourism both nationally and internationally, and the federal and local governments increased spending in security and military operations abroad. Needless to restate, 9/11 sent a shockwave throughout the world that affected the global economic marketplace.
At the same time, however, 9/11 was also a wake up call. The country banded together to show the world just what America is made of: perseverance, strength and commitment to stopping evil in the world. As we approach the 10 year anniversary of the tragic terrorist attacks that unfolded on September 11, 2001, it’s a time to reflect on how the U.S. has played the hand it was dealt. Fearless in times of distress, the country proved once again that it will not be deterred by threats and it will do everything in its power to stop the rise and spread of terror across the world. A very debated and touchy subject that has, in effect, divided the country on political lines, there is one truth that continues today:
America is still the strongest nation in the world, both politically and economically. Although the U.S. has faced severe criticism from the world community for its involvement in conflicts abroad, and has faced a large brunt of the global recession and ongoing economic crisis, America continues to be the global economic leader. Countries, corporations and investors worldwide realize that a U.S. economic collapse would ripple throughout the global marketplace and disrupt the entire system. Everyone realizes that America is the leader of the global economy, and is doing everything it can to make sure that it gets back on course.
Common American citizens are also finding ways to cope with the economic downturn. Although cuts are affecting the nation, on federal, state and local levels, the U.S. has remained resilient through all crises and is proving everyday why it is a world leader. Americans have been very clever, finding interesting and innovative ways to keep their heads above water. Some are earning extra money by doing things they love, from making music to washing cars and selling old goods online; some are investing in proven companies in the stock market; some are refinancing their credits cards; and the new trend, which many are catching onto, is payday loans, particularly because they provide fast cash with flexible payment options and no credit checks. In fact, payday loans are becoming popular for more than just financial setbacks; they are being used for many purposes, including dealing with unexpected bills, shopping for gifts, educational payments and many more.
Whatever the method, though Americans are staying strong through tough times. From the terrorist attacks ten years ago to the global economic recession, the U.S. is finding ways to survive and come out on top, exactly why it continues to be a model for other nations worldwide.