| No event in American history was as dramatic as the | | | | market would remain closed since 1933 and the Great |
| attacks of September 11, 2001. When the attack on | | | | Depression. During it's first day of trading after the |
| Pearl Harbor happened, we had live radio broadcasts | | | | attacks, the market lost over 680 points, the single |
| bringing updates, and the next days newspaper how | | | | biggest one day drop in the exchanges history. While |
| photographs of the carnage, but with 9/11, we had | | | | the drop only accounted for a little over 7 percent, it |
| live, crystal clear television pictures beamed right into | | | | is still considered a major event. By the end of that |
| our living rooms. While we still take pause to think of | | | | first week back open, the Dow Jones had lost over |
| that horrendous day, the world's financial markets | | | | 1360 points or 14 percent of its value. It would go |
| took a hit like they never have before as the ripple | | | | down as the worst week in market history. The total |
| effect from Ground Zero was felt all around the | | | | money losses during that time were estimated to be |
| world. | | | | around 1.2 trillion. |
| When the attacks happened, and because of how | | | | The events of September 11 led to a dramatic |
| close the World Trade Centers were located to Wall | | | | increase in security around the exchange, as many |
| Street, trading wasn't even started. Everyone that | | | | feel it could be a target in future attacks. The events |
| had shown up to work that day was told to stay | | | | of 9/11 will live on in the minds of everyone who |
| inside until it was safe. Many people inside the | | | | lived through it. For those who had shown up for a |
| exchange reported feeling the ground shake as the | | | | day at work on Wall Street, the event is difficult to |
| two towers collapsed, and the exchange became a | | | | forget. The NYSE came through it stronger and so |
| refuge for those fleeing the giant cloud of dust, | | | | did the nation. |
| smoke and debris that appeared once the towers fell. | | | | The preceding is the first in a series of articles based |
| The buildings that hold the New York Stock | | | | on the New York Stock Exchange. Many people ask |
| Exchange were not damaged during the attacks, but | | | | why a company that assists individuals in obtaining |
| a major telephone bunker than held the phone | | | | unsecured lines of business credit would put out |
| system for the entire area located near the World | | | | artcles of this type. The simple answer to this is |
| Trade Center was severely damaged, hence making | | | | because many clients use a portion of their lines (or |
| communication on the floor of the exchange | | | | the profits their lines create) to dabble or invest in |
| impossible. | | | | the stock market. We feel if this is what a client will |
| The stock market remained closed until September | | | | be doing, we want them to be as fully prepared as |
| 17. It would turn out to be the longest that the | | | | possible. |