On March 21, 2003, President Bush sent troops into Iraq.
He said the Central Intelligence Agency had found weapons of mass destruction.
That was added to increased spending for the Defense Department and Homeland Security.
President Obama spent $807 billion during his two terms. That brought the cost of the War on Terror to $2.126 trillion.
The economy had contracted 1.1 percent in the first quarter but bounced up 2.1 percent in the second quarter.
The attacks made the economy contract 1.7 percent in the third quarter, extending the recession.It hit bottom on October 9, 2002, when it closed at 7,286.27. No one knew for sure if the bull market had resumed until the Dow hit a higher low March 11, 2003, closing at 7,524.06.Unemployment continued to climb until June 2003, when it reached 6 percent. On September 20, 2001, President Bush called for a War on Terror.Although oil prices decline in the fall, this was a sharper decline than usual. dollar as a safe investment during times of crisis.Another cause was the dollar's value which rose sharply between August and December. Send oil contracts are priced in dollars, oil exporters can lower oil prices when the dollar strengthens.He was the head of the al-Qaeda organization that launched the 9/11 attacks.In its first year, Congress appropriated .3 billion in emergency funding for the war.September 11, changed the entire worlds attitude on airport security, and how important of a concern the nations airport security was and will continue to be.The terrorist attacks also showed the entire world how easily the old system was to manipulate, and how much improvement airports need before they can truly be considered secure.On September 22, Bush signed into law billion in federal loans.The 9/11 attacks worsened the 2001 recession, which had begun in March 2001.