26 February 1993: World Trade Center bombing
On this day in 1993, Kuwaiti-born terrorist Ramzi Yousef carried out his planned attack on the World Trade Center in New York, killing six people.
The World Trade Center formally opened in April 1973, and quickly became one of New York's most important commercial and cultural areas. The complex accounted for 1.25 million square metres of office space across seven buildings (the last was finished in 1985). The North and South Towers (the Twin Towers) formed the core of the "superblock" and rapidly became a key part of the Big Apple's skyline, and a tourist attraction in their own right.
The symbol of American prosperity also became a target for Kuwaiti-born terrorist Ramzi Yousef (AKA Abdul Basit Mahmoud Abdul Karim). Yousef, who studied engineering at Swansea University, went to a terrorist training camp in Pakistan in the late 1980s. He entered America on 1 September 1992 and met with several fellow terrorists to plan an atrocity they hoped would convince America to abandon its support for Israel.
On 26 February they filled a van with explosive materials, including fertiliser and a gas cylinder, and detonated it in a garage directly beneath the North Tower (using a fuse to delay the detonation long enough to allow them to escape). They hoped the North Tower would collapse, bringing down its twin.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The explosion destroyed five floors and released smoke throughout the building. Experts believe the explosion would have toppled the towers had the van been close to the foundations. In the event, there were six deaths and 1,042 people injured. Yousef was caught in 1995 and sentenced to life imprisonment. His uncle, Khalid Sheikh Mohammed, organised the 11 September 2001 attacks that destroyed the towers, killing nearly 3,000 people.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

-
How to profit from defence stocks beyond EuropeOpinion Tom Bailey, head of research for the Future of Defence Indo-Pac ex-China UCITS ETF, picks three defence stocks where he'd put his money
-
Why the Waspi women are wrong'Opinion Compensation for the Waspi women would mean using an unaffordable sledgehammer to crack a nut, says David Prosser
-
What's behind the big shift in Japanese government bonds?Rising long-term Japanese government bond yields point to growing nervousness about the future – and not just inflation
-
UK wages grow at a record paceThe latest UK wages data will add pressure on the BoE to push interest rates even higher.
-
Trapped in a time of zombie governmentIt’s not just companies that are eking out an existence, says Max King. The state is in the twilight zone too.
-
America is in deep denial over debtThe downgrade in America’s credit rating was much criticised by the US government, says Alex Rankine. But was it a long time coming?
-
UK economy avoids stagnation with surprise growthGross domestic product increased by 0.2% in the second quarter and by 0.5% in June
-
Bank of England raises interest rates to 5.25%The Bank has hiked rates from 5% to 5.25%, marking the 14th increase in a row. We explain what it means for savers and homeowners - and whether more rate rises are on the horizon
-
UK inflation remains at 8.7% ‒ what it means for your moneyInflation was unmoved at 8.7% in the 12 months to May. What does this ‘sticky’ rate of inflation mean for your money?
-
Would a food price cap actually work?Analysis The government is discussing plans to cap the prices of essentials. But could this intervention do more harm than good?