0 million. The collapse of the World Trade Center towers caused damage to surrounding buildings and the developer who leases the site has plans to rebuild the towers which will be an extremely expensive endeavor. The government of the United States has also promised compensation for the victims and their families in return for not suing the Federal government or the airlines. Some people have already chosen not to take the deal and are instead suing the airlines, citing inadequate security for not being able to stop the hijacking of the planes. The global airline industry has been hardest hit by the terrorist attacks, international carriers estimate a loss of $7.5 billion while U.S. airlines estimate another $5 billion . The decrease in international flight traffic coupled with increased insurance and security costs are set to make losses come close if not exceed these figures. With the U.S. retaliatory strikes on Afghanistan anti-American sentiment has risen in many Muslim countries leading various Western governments to issue warnings to its citizens in the Middle East and South East Asia. The drop in tourism has also been significant, especially in Europe where Americans make up a third of all tourists. With France and Spain being the top two tourist destinations in the world (1 and 2 respectively), tourism in some areas of Europe had dropped by over 30 percent. The World Bank released a report following the attacks estimating as many as 10 million people could fall below the poverty line next year. The report stated that the September 11 attacks could lead to a lower economic growth in developing countries that would make fighting childhood diseases and malnutrition difficult and may result in the deaths of up to 40,000 children. This brings me to my next topic the Social and Cultural impacts of the attacks.One of the most tragic consequences of the terrorist attacks has to be the racist sentiment now felt by a lot of Americans towa...
