Personal Finance. Your Practice. Popular Courses. Markets US Markets. Key Takeaways The terrorist attack on Sept. The industries most directly impacted were: airlines, whose flights were subsequently grounded; and insurers, who paid out billions of dollars in claims, including to victims and property owners.
The U. The stock market even today remains vulnerable to a major disruption, 20 years after Sept. The fallout from Sept. Article Sources. Investopedia requires writers to use primary sources to support their work.
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Investopedia does not include all offers available in the marketplace. Related Articles. National Debt Explained: History and Costs. Oil How Petrodollars Affect the U. Partner Links. Two minutes later transponder is turned off. All American Airlines flights in Northeast that have not yet taken off are ordered to remain on the ground.
American makes the ground stop nationwide after learning a United Airlines plane is missing. Secret Service of unknown aircraft heading in direction of the White House. Plane makes a degree turn and points toward Pentagon and downtown Washington. Eleven seconds into the descent air traffic control in Cleveland receives the first of two radio transmissions; captain or first officer is heard declaring, "Mayday".
Federal Aviation Administration acts. The collapse of the World Trade Center caused an immense plume of toxic dust throughout lower Manhattan. Tens of thousands of people have reported long-term medical conditions such as respiratory disease or cancer as a result of inhaling the dust.
The U. Coast Guard led an evacuation of more than , people from lower Manhattan following the World Trade Center attacks. Most perished either after entering the buildings following the plane crashes or by being hit by debris outside. Soon after takeoff, the terrorists commandeered the four planes and took the controls, transforming ordinary passenger jets into guided missiles. Jet fuel from the Boeing caused a devastating inferno that led to the structural collapse of a portion of the giant concrete building, which is the headquarters of the U.
Department of Defense. All told, military personnel and civilians were killed in the Pentagon, along with all 64 people aboard the airliner. Less than 15 minutes after the terrorists struck the nerve center of the U.
The structural steel of the skyscraper, built to withstand winds in excess of miles per hour and a large conventional fire, could not withstand the tremendous heat generated by the burning jet fuel. At a. Only six people in the World Trade Center towers at the time of their collapse survived. Almost 10, others were treated for injuries, many severe. Because the plane had been delayed in taking off, passengers on board learned of events in New York and Washington via cell phone and Airfone calls to the ground.
Knowing that the aircraft was not returning to an airport as the hijackers claimed, a group of passengers and flight attendants planned an insurrection. One of the passengers, Thomas Burnett, Jr. I love you, honey. Sandy Bradshaw, a flight attendant, called her husband and explained that she had slipped into a galley and was filling pitchers with boiling water. The passengers fought the four hijackers and are suspected to have attacked the cockpit with a fire extinguisher.
The plane then flipped over and sped toward the ground at upwards of miles per hour, crashing in a rural field near Shanksville in western Pennsylvania at a.
All 44 people aboard were killed. Its intended target is not known, but theories include the White House , the U. Capitol, the Camp David presidential retreat in Maryland or one of several nuclear power plants along the eastern seaboard. Citizens of 78 countries died in New York, Washington, D. At the World Trade Center, 2, died after the two planes slammed into the twin towers.
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