Economic Impact of Natural Disasters

Running head: Hurricane Katrina: The frugal Impact of Natural Disasters Hurricane Katrina: The Economic Impact of Natural Disasters Timothy T. Boyd Embry-Riddle Aeronautical University Abstract major(ip)(ip) native disasters can do and have severe negative short-run economic impacts. Disasters also appear to have adverse longer-term consequences for economic growth, development, and poverty reductions. Natural disasters cause significant budgetary pressures, with both narrowly fiscal short-term impacts and wider long-term implications for development. On distinguished 29, 2005, one of the close deadliest hurricanes slammed into the Gulf Coast part of the unify States. Hurricane Katrina, once a category 5 pressure, dropped approximately in intensity, to a major category 4 storm, forward causing her destruction and devastation of the Gulf Coast region. This inquiry paper will identify the economic impact of natural disasters, focusing on Hurricane Katrina. I certify that this is original blend and research for ECON 211 Macroeconomics. Overview Hurricane Katrina was the eleventh named tropical storm, fourth hurricane, third major hurricane, and first Category 5 hurricane of the 2005 Atlantic hurricane season.

It first make landfall as a Category 1 hurricane just spousal relationship of Miami, Florida on August 25, 2005, then again on August 29 along the Central Gulf Coast airless New siege of Orleans, Louisiana, as a Category 4 storm. Its storm surge soon breached the levee system that protected New Orleans from Lake Pontchartrain. Most of the city was subsequently flooded by the lakes waters. This and separate major damage to the coastal regions of Louisiana, Mississippi, and Alabama made Katrina the most destructive and costliest natural disaster in the history of the United States. (Hurricane Season, 2005) Introduction Hurricanes and other natural disasters rarely have a large and long-lasting effect on the economy, but Katrina could be an exception. While most... If you want to get a full essay, mark it on our website: Ordercustompaper.com

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