economy and security

Despite its global impact, the 2008 recession cannot be categorized as a security issue. When the economy analyzed through a realist perspective does not tie into territorial security or military necessity. Before 1929, economic panics like the Panic of 1907, made the shareholders regard the economy as the bloodline of the United States but it was not considered a necessity when it came to security. In 1907, the Stock market dropped 50% in all its stocks and caused tremendous fear amongst the people but no security issues arose from this period. The only issue regarding the ailing economy was supplying social welfare and prosperity to the public. There was no mention of security during this period as it was regarded as secondary in importance when it came to the economy. Fast forward to the aftermath of the 9/11 attacks where the stock market fell dramatically but this was due to the mass evacuation of frightened New York civilians and the suspension of air travel. In this case, the financial effects were treated as a form of aftershock since the nation was more concerned with protecting the general public from attack. The only exception to the connection with the economy and security occurred during WWII. Here, the United States struck with fear by the Pearl Harbor attacks, rallied its civilians to defend itself against the Axis powers. This declaration of war convinced thousands of unemployed workers to resume work within military compounds and purchase war bonds. Even though this revived the United States economy, this only came about as an after effect of military patriotism. Overall, the economy does not align with the security of the nations because there is very little connection between the two.