Ithaca
I dont belive the war hurt the economy.
The economy started to go about 2-3 years before 9-11 happened. its started with the semiconductor feild going down the tubes, then aerospace started to take a fall about a year after that, one of the main reasons for the aerospace fall was boeing selling planes to china and what they had to give away for the contracts to china.
when 9-11 hit its shut down everything.
people quit flying and it shut down major machine shops that built parts for aerospace.
years and years ago aerospace went to a knew meathod of parts called "just in time" meaning that instead of ordering 100-200 spare parts for airplanes and stocking them they would make 5-10 extras if that.
Just before 9-11(about 1-2 years) Ge (general electric) started a new program that all suplliers of a certain size must have a plant built in mexico if they wanted to be a supplier.
Boeing implimented this about 8 months before 9-11.
When 9-11 happened all major suppliers completely shut down all parts being made. My main supplier had 99% of there work pull on 9-18 in which they supplied over 80 smaller shops(mine included) all of us smaller shops used other shops for plating, heat treat and material. so they went down the tubes as well. for about 1-2 years after 9-18 you couldnt get a job from any of the major companies. this was because the major companies also have full sized machine shops,(smaller shops just got over flow) to keep the bigger shops going they had to do most machine work in house, some still havent hired all thier people back and some still have some machines sitting at idle.
Its is starting to come back but very slowly.
Arizona is one state that is based mainly on the semi conductor feild and areospace aka manufacturing jobs I would say a good 40-50% is manufacturing in this state.
the semiconductor industry still hasnt come back and the aerospace is just started to comeback.
Delw