TOEFL essay:Discuss the influence on world economy and other aspects taken by 9.11 incident.
On 11th September, the whole world were shocked by the terrorism attack on New York, the center of America’s politics, finance and economy. Four airplanes crashed, two of which ruined the twin trade towers, causing unprecedented losses. The New York Stocked Exchange was forced to be halted for four days, and the financial area in Manhattan a week away. According to the report by New York Municipality, the attack resulted in a loss of 100 billion dollars, direct or indirect. (80 words)
Undoubtedly, “9.11 incident” makes America’s economy slide downward more sharply than ever before, with a decrease of Don Jones at 8000 points shortly after the attack. In contrast with economic loss, the perspective of market becomes more and more uncertain. Market-orientated economy requires our confidence in economic rules. Investors are not willing to release their capital to the ever-changing market; for fear that they could not get the expected profit. 9.11 terrorism attack also causes many psychological problems to the Americans. The instability of society prohibited their trips outside, undermining their anxiety of consumption, which is a heavier attack on the stimulation of economic revival. (105 words)
On the other hand, we should not be too pessimistic about the positive effect by the attack. The crackdown on terrorism globally has connected American government with other countries, including China, which is beneficial to the capital market in the world. Furthermore, the war against terrorism stimulates America’s economy by the dimensional expenditure and cutdown of taxes. An open financial market, flexible policy and advantageous information technology foretell vigorous opportunities for economic development. (73 words)
“9.11 incident” is the largest catastrophe in human history, which not only deprived people of husbands, wives, relatives and friends, but also made the world economy recede. We should adopt an optimistic attitude, overcoming the temporary recession and cultivating a prosperous future. (42 words) (300 words totally)
