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The Federal government provided $11.2 billion in immediate assistance to the Government of New York City in September 2001, and $10.5 billion in early 2002 for economic development and infrastructure needs. [18] The 9/11 attacks had great impact on small businesses in Lower Manhattan, located near the World Trade Center.
The Post- 9/11 GI Bill became a result after 9/11, paying homage to the U.S military soldiers, which provided educational and financial assistance to those soldiers who were returning to civilian life. [50]
The post-9/11 period is the time after the September 11 attacks, characterized by heightened suspicion of non-Americans in the United States, increased government efforts to address terrorism, and a more aggressive American foreign policy.
11 months 3 years 1 month 7.9% (October 1949) −1.7% The 1948 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes. [62] The recession also followed a period of monetary tightening. [40] Recession of 1953: July 1953 – May 1954 10 months 3 years ...
In a 2009 interview, Bill Bonner of Agora Financial described the difference between a recession and a depression. "In a recession, you have growth, and then the economy runs too hot, and then it ...
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One of the worst things about the recession may turn out to be one of the best things about it: The layoffs are creating a new workforce -- the part-time workforce. Cobbling together enough part ...
The United States began to recover from the post-9/11 recession in 2003, but the robustness of the market (7% GDP growth), combined with the unemployment rate (above 6%), led some economists and politicians to refer to the situation as a "jobless recovery". Despite this, economic growth continued apace through early 2008 and unemployment ...