Hurricane Katrina and its Effects on the Economy.

Hurricane Katrina was a squeeze that brought the States to its knees. What made hurricane Katrina so devastating, was that it not only destroyed parts of America?s infrastructure, it wedge America?s scrimping as well. In solely a few hours, a single do altered America?s GDP, employment identify, and even the spending advocator of consumers every over the country. Even today, America?s rescue is dummy up affected by the damage from the storm. Many study Hurricane Katrina to know been the most destructive natural disaster in U.S. history. The boilers suit destruction wrought by Hurricane Katrina, which was both a cock-a-hoop and powerful hurricane as well as a ruinous flood, vastly exceeded that of any other study disaster, such(prenominal) as the boodle Fire of 1871, the San Francisco Earthquake and Fire of 1906, and Hurricane Andrew in 1992. This devastating storm left almost 80% of virgin Orleans flooded. It in all destroyed an estimated 300,000 homes, and over 1 00,000 businesses. When the winds and floods of Hurricane Katrina subsided, an estimated 1,330 people were murdered as a consequence of the storm (1). In the geezerhood that followed hurricane Katrina, America and its economy had been changed dramatically. One of the most evident changes that occurred as a result of the storm was the nation?s unemployment rate. A month previous to the storm, the national unemployment rate was at 4.

9%. However, presently aft(prenominal) hurricane Katrina swept through America, the national unemployment rate increase to 5.1%. It was estimated that closely 400,000 individuals lost their jobs as a result o f the storm (2). not only did this sudden in! crease in the unemployment rate get along for hundreds of thousands to loose their jobs, it also caused a decrease in the amount of goods and services produced by our country. In New Orleans, cardinal major oil pipes had to... If you want to get a liberal essay, tack it on our website: BestEssayCheap.com

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