9/11 attacks Economical Repercutions

It must sound very impressive to you, but its true, the 9 11 terroist attacks have had an important efect in united states, that's beacuse the event caused a lot of uncertainty and panic in population, this caused low in consume of all type of goods, but specially the ones that are gained through credit such as hauses and cars. In order to incentivate this goods consume, the U.S. Federal Reserve lowered the interest rates from 5.25 % to 1% in a 3 month period, this generated a new wave of mortgage credits expansion, hyper inflation in housing sector, and the globalization of the morgage debt among other effects. As we all now this situation generated the actual economic crisis.