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War On Terror Failure

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September 11, 2001 marked the biggest terrorist act ever committed on U.S. soil, where international terrorist hijacked four commercial airliners. Two of the hijacked planes hit the World Trade Center while the world watched. The other two planes commandeered by terrorists, hit the Pentagon and the one crashed in a field in rural field in Pennsylvania after the crew and passengers fought back. In total 2,977 people died, and America and the world changed. As America grieved, the U.S. economy was hit hard. With the fall of the stock market, the cost of cleanup, the cost of heightened security and, critically, the ‘War on Terror’ that followed, came at outrageous expense that pulled the economy down with them. On September 11, 2001 2,977 lives …show more content…
After the attacks the American people were angry, but many did not know who to be angry at. There was great pressure on the government to do something in response, and what followed was the George W. Bush administration’s ‘War on Terror’ a that mounted a global legal, political, conceptual, and military fight against terrorists and regimes who supporting them. This in concept seems like an appropriate response to a devastating terror attack, but executing it was harder than thought. Iraq and Afghanistan were the two primary targets in long and costly conflicts. Almost all of the military equipment used in those efforts was supplied for by private contractors using federal grants, creating a problem where a huge part of the economy requires war to operate. This created a positive feedback loop between war and debt in which many believed that the economy will falter if the war stopped. The wars in Iraq and Afghanistan increased the price of oil from $25 a barrel in 2003 to $140 a barrel after 4 years of fighting , depressing the economy just as the housing crisis occurred. The total cost of this war is estimated to be $5 trillion which is over a quarter of the U.S. national debt. The financial repercussions also played out with debt crisis in which the U.S. debt began to grow at an ever increasing rate. Now, 15 years later, Americans are still repaying that …show more content…
The ‘War on Terror’ was a fine idea in concept, but shouldn't have been carried out to the extent that it was, and because it was a such massive, and extremely expensive, failure it created an unbelieveable amount of debt, and created companies that are too big to fail based on war and fighting. September 11, 2001 started a chain of reactions that destroyed the economy, beginning with the single biggest drop in the stock market at the time. Many view the ‘War on Terror’ as an expensive military failure that created an economic system that requires war, and creating a massive debt problem to deal which that compounded on the housing crisis of 2008. How the U.S. dealt with the aftermath of September 11th economically was one of the worst economic disasters to ever affect this

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