Katrina`s Impact On America

Katrina s Economic TollThe ripple emergenceA year after Hurricane Katrina struck the disjunction coast of the United States , the picture of its economic impact is be quiet incomplete . While much of the cost is quantifiable , to a greater extent or less is not . We do know that Katrina is the most expensive infixed disaster ever in the U .S . However , we whitethorn never get a fully accurate assessment of the impactIt is clear , though , that Katrina produced an economic ripple effect by the national economy un desire that of any previous encounter . Recovery is not uniform through all economic sectors . In some atomic number 18as , recovery may never make out . Katrina s effects argon massive , no doubt , scarcely according to Michael Englund of BusinessWeek , three elements make this storm uniqueKatrina has at least three unique factors : its impact on U .S . energyproduction the think devastation of a major urban center unexampledOrleans and the interruption of a vital transportation artery theMississippi River (2006These factors make Hurricane Katrina into more than a localized economic disaster . The economic effect is felt , in one way or some other , by every sector and region of the economy . In terms of the lives of people however , the local effects argon the most important and devastatingLocal effectsThe local economic effects are the most obvious and the most devastating . Some areas of the disjuncture , through federal and private sector investment , are rapidly rebuild . Other areas are struggling . The task is most complex in New Orleans . A year later , the city still has less than half(prenominal) of its prior population , work force and tax baseThe stem of New Orleans was decimated by the subsequent flood that was triggered by the storm . Electricity , water and communication systems all essential be rebuilt . The complete loss of infrastructure means that rebuilding is sequential and slower than that in previous disasters . Thousands of people , more uninsured , lost their homes and all the possessions within .

Some of the devastated areas cast changed little in the year since the stormWith the destruction of businesses , local areas like New Orleans and Biloxi suffered tremendous stage business losses . New Orleans lost 190 ,000 jobs and Biloxi lost nearly 27 ,000 (Harman , 2006 . Even those without home damage were affect by job losses . Many were unable to pay their mortgages and lost their homes . The destruction of transportation lines led to energy shortages in the areas directly affected by the storm . Gas lines and extremely high prices overcome some who attempted to leave after the storm hitRecovery in local areas will be a long accomplish , with possible major setbacks . Local areas are not vigilant for another strong storm . Charles Herman of ABC News quotes David Wyss , banner and Poor s chief economistNew Orleans itself remains very susceptible , with the levees stillunrepaired in large part , and the status questionable in view ofthe fundamental construction and engineering problems thatwere exposed (2006The lenient hurricane season in 2006 has allowed for a substantial amount of economic...If you indispensableness to get a full essay, order it on our website: Orderessay

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