Disateers, Economic

Disasters are unfortunate events in which the willpower and strength of people is tested to its limits. How these people cope with the disaster and how long they need aid before getting back to a normal life is felt in waves throughout an economy, and can have devastating effects. Throughout history numerous disasters have occurred, some with a few positive effects, but every one of them has had a negative impact on economies. Disasters are responsible for bringing people to work towards a common goal of relief, but herein lies the problem, they are working to relieve the effects of a large negative impact and trying to get back to a normal way of life and not on going beyond this. Basically they are restoring the economy to its original status but not having an overall advancement of it to a greater level after it was devastated by the incident. An example of this is Hurricane Katrina and the Asian Tsunami where millions of people were displaced from their homes and their cities were crippled and could no longer function or contribute to the economy. This caused different sectors of the economy to have to increase their productivity to fill the gap left in time period where the disaster area was incapable of production. Yes, there were many buildings destroyed which spurred construction, but after the reconstruction was complete there was no longer a need for a large quantity of homes, making the construction industry settle to its original level before the disaster. Also, in the cases of the Black Plague, Spanish Flu, and Hurricane Katrina many people were confined to their homes because they either couldn’t get out or because they were afraid to go out. During the black plague and the Spanish flu people were afraid to leave their homes, even to go to work or to buy things because the fear of catching these diseases was overwhelming as they usually led to death in whoever contracted them. This incapacitation of the work force and the major decrease in the...