how does chemical disasters affect the economy of the country?
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Answers
Answer:
Natural disasters are damaging events that include extreme weather such as blizzards, droughts, floods, heat waves, hurricanes, lightning strikes, tornadoes, and tsunamis. They also include non-weather events such as earthquakes, mudslides, volcanoes, and wildfires. In the short term, they cost homeowners and insurance companies billions. They raise food and gas prices.
2018 was the fourth-costliest year for natural disasters in history, according to MunichRe. They cost $160 billion, of which only half was insured. The worst damage came from U.S. Hurricanes Michael and Florence and Asian Typhoons Jebi, Signal 10 Mangkhut, and Trami. They cost $57 billion, of which $29 billion was insured. California wildfires cost $24 billion with insured losses of $18 billion. There were 29 events that cost at least $1 billion each. In May 2019, Congress passed a $19.1 billion disaster aid package.
The 2017 natural disaster season was worse. They cost the U.S. economy a record $307 billion. There were 16 events that cost more than $1 billion each.Both years were above the inflation-adjusted overall loss average of $140 billion and $41 billion in insured losses.
In the long term, the largest disasters slow regional economic growth for decades. Bridges, roads, and utilities are destroyed. Homeowners who aren't covered by insurance go bankrupt. Many can't rebuild and must move elsewhere.
The U.S. president can declare a state of emergency for communities overwhelmed by a natural disaster. That action releases a wide range of federal aid to individuals, nonprofit organizations, and public agencies. Each type of disaster triggers different kinds of federal assistance.
Global warming increases natural disasters. The United Nations Refugee Agency found that the number of natural disasters has doubled in the last 20 years. The impact on productivity can last decades after an event. One reason is that between 30% and 60% of disaster survivors experience post-traumatic stress disorder.
Explanation:
Some example are here
1. Japan's Earthquake and Tsunami - $360 Billion
Japanese Rescue Workers
Japan's economy was dealt a devastating blow by the 9-magnitude earthquake and tsunami that pummeled the country on March 11, 2011. An estimated 28,000 died and 500,000 were displaced. It cost $360 billion.
It damaged the Fukushima nuclear power plant. It leaked radiation into the Pacific Ocean, raising levels to 4,000 times the legal limit. Radiation showed up in local milk and vegetables, and briefly appeared in Tokyo's drinking water.
2. Hurricane Harvey - $125 Billion
Joe Dodson, a Korean era Marine veteran, gets a lift on an air boat out of his flooded neighborhood after it was inundated with rain water, remnants of Hurricane Harvey, on August 28, 2017 in Houston, Texas.
Hurricane Harvey was a Category 4 storm that hit Texas on August 25, 2017. It caused $125 billion in damage. It affected 13 million people from Texas through Louisiana, Mississippi, Tennessee, and Kentucky. As many as 88 people died from the storm.
Answer:
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