Hurricane Katrina and Economic Implications

Hurricane Katrina and the Economic Implications

The events of the incident and the economic backlash

The 2005 Hurricane Katrina that ended up encompassing the cities of Texas, Mississippi and Louisiana can be termed as one of the most deadly hurricanes to hit the United States of America and left millions of people in absolutely despair along with serious economic implications for the entire country to cope up with. The government and administration of President Bush ended up allocating almost $105 billion to stabilize the country and the hurricane-hit regions. The hurricane disrupted not just the lives of people but also left them helpless and worried about the fulfillment of their basic needs as there was a disruption in the supply of many commodities like Oil, cotton and other food supplies.

The Hurricane left almost 600,000 people in New Orleans absolutely jobless. The estimated loss that...
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