9/11 Attacks and Thai Economic Crisis

The transcript covers two major events: the 1997 Asian financial crisis and the 9/11 terrorist attacks. The Asian financial crisis began with the devaluation of the Thai baht, leading to widespread economic turmoil in Thailand and other Asian countries. The crisis was fueled by excessive borrowing and speculative investments. The 9/11 attacks in 2001 involved the hijacking of planes by terrorists, resulting in significant loss of life and economic impact, particularly in the United States. The attacks led to increased global security measures and a military response from the U.S.

What was the initial exchange rate of the Thai baht to the U.S. dollar before the devaluation?

• 50 baht per dollar

• 25 baht per dollar

• 52 baht per dollar

• 30 baht per dollar

What was the peak devaluation rate of the Thai baht during the 1997 financial crisis?

• 25 baht per dollar

• 30 baht per dollar

• 50 baht per dollar

• 52 baht per dollar

Which terrorist group was responsible for the 9/11 attacks?

• Taliban

• Al-Qaeda

• Boko Haram

• ISIS

How many planes were hijacked during the 9/11 attacks?

• 5

• 2

• 3

• 4

Which building was NOT targeted during the 9/11 attacks?

• World Trade Center

• Pentagon

• White House

• U.S. Capitol

What nickname was given to Thailand due to its rapid economic growth before the crisis?

• Lion of Asia

• Tiger of Asia

• Dragon of Asia

• Elephant of Asia

What was the main reason for the economic bubble in Thailand before the crisis?

• High foreign investment

• Government's financial policies

• Rapid industrialization

• All of the above

What was the immediate consequence of the Thai baht devaluation on foreign debt?

• Debt decreased

• Debt remained the same

• Debt was forgiven

• Debt doubled

What was the immediate economic impact on the U.S. stock market after the 9/11 attacks?

• Stock market was unaffected

• Stock market fell

• Stock market remained stable

• Stock market rose

How long did it take for the U.S. stock market to reopen after the 9/11 attacks?

• 7 days

• 1 day

• 3 days

• 5 days