We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

How did the hurricane Katarina impact the reservation price on the housing market in New Orleans, before and after the catastrop - Term Paper Example

Comments (0) Cite this document
The Effects of Hurricane Katrina Name Institution Introduction Hurricane Katrina was among the most powerful and firm storms (besides Hurricane Camille, Hurricane Andrew, Hurricane Charley, and the Labor Day Hurricane) that hit the projecting mass of land in Florida, United States in 29, August 2005…
Download full paper
How did the hurricane Katarina impact the reservation price on the housing market in New Orleans, before and after the catastrop
Read TextPreview

Extract of sample
How did the hurricane Katarina impact the reservation price on the housing market in New Orleans, before and after the catastrop

Download file to see previous pages... Almost 80% of New Orleans city was covered with floods. About 1800 people lost their lives to the hurricane; property of $80 billion worth belonging to the Orleanais was damaged, and in August 2005, after the floods swept in, millions of civilians were left with no homes. Hurricane Katrina was graded the sixth among the strongest storms that had ever been experienced and was the costliest. The strength of this storm waved to over 30 deep sea miles and when it was at its extreme, the winds from the hurricane covered more that 75 deep sea miles from the central point moving on to the east side. Over 400,000 employees lost their jobs following hurricane Katrina and this led to the financial crisis suffered by the Gulf Coast. This paper will discuss the effects and impacts on the reservation price on the housing market in New Orleans before and after the catastrophe (Bergal, 2007). Katrina engendered storm outpours and deluges, which in turn led to a 75% area flooding in the metropolitan of New Orleans. More than half of the embankment and failures in the floodwalls were brought into being by overlapping in that, as the storm outpours aggravated farther up the acmes of either or both the embankments and their floodwalls, the subsequent erosions fructified than expected and gave rise to breaches/failures. The most articulate and coherent missteps included the failures that took place on the banks adjacent to the 17th street and London avenue estuaries. These three failures could have resulted from the implosion and inadequacy in part of the basal foundation soil concealing the levees, conjointly with sand boils and sinkholes. According to analysts, Hurricane Katrina caused the death of more than 1,100 Louisiana residents. One third of the incidences of death took place in hospitals and shelters in flooded areas. The drowned victims made up to two thirds and the most of the casualties were elderly people because 60% of the reported cases were those of people aged 65 and over. The number of deaths was higher in areas with large water depths. Hurricane Katrina and the Social Contract Game theory Arguably, if the destruction that New Orleans went through resulted from terrorist attacks, it would have been ranked highest historically (Miller, 2006). This is not as a result of the many innocent lives that were lost or the valuable property that went into destruction, but because of the evident social order destruction in the region. A terrorist envision would bring nothing better than planting seed of hatred and watering them with the blood of innocent citizens, and increasing the mistrust among the government and the citizens in fulfilling their respective duties in the “social contract”. Socrates arguments gives a clear trace of the social contract concept though scholars like Thomas Hobbes, John Locke and the likes of Rousseau later modernized the concept (Binmore, 1998). To analyses the concept, late 20th century scholars used game-theoretic reasoning. In this, they concentrated on thee 2*2 matrix games. The most accurate 2*2 game is the “Stag Hunt”. Taking after Rousseau, it gives a description of developing cooperative effort ideas among human generations. Player 2 Hunt Stag (Cooperate) Hunt Hare (Defect) Player 1 Hunt Stag (Cooperate) 4,4 1,3 Hunt Hare (Defect) 3,1 2,2 What the above Table on Stag Hunt elaborates is the fact that with cooperation, it is easier to realize excellent results that ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“How did the hurricane Katarina impact the reservation price on the Term Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1472016-how-did-the-hurricane-katarina-impact-the
(How Did the Hurricane Katarina Impact the Reservation Price on the Term Paper)
“How Did the Hurricane Katarina Impact the Reservation Price on the Term Paper”, n.d. https://studentshare.org/macro-microeconomics/1472016-how-did-the-hurricane-katarina-impact-the.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Sociological Impact of the Ongoing Downturn In Our Economy/Housing Market
While there has been some anemic recovery in the US economy from the 2007-2009 global recession the housing market remains a serious problem. For the most part the economic impact has been well documented analyzed and quantified the sociological implications are less clear.
12 Pages(3000 words)Term Paper
Comparison of market structures of US retail and housing industry
Comparison of market structures of US retail and housing industry Executive summary This study focuses on different market structures and their implications on US retail and housing industry. These industries possess different market structures; retail industry lies in Oligopoly whereas construction industry carries monopolistic competition structure.
16 Pages(4000 words)Term Paper
Impact of the Housing Market on the US GDP
Macro economics consists of concepts that can be applied to the entire world. In economics a financial market is a place which allow buying and selling activities, there are many manufacturers and consumers available in the market. There are many products available of same type hence that raises competition in the market.
8 Pages(2000 words)Term Paper
New Product Entry into U.S. Market
Global expansion occurs when a company stretches its products and services to a new market. In the present research, an international steel cable manufacturer is planning a global expansion strategy and the target market is United States. Though US is one of the biggest consumer of electrical and electronic equipments, the market is saturating and the cable manufacturer will have to make specific strategies in order to cope up with a highly competitive and saturated market.
10 Pages(2500 words)Term Paper
New Market Expansion
The company hires approximately 50000 workers and has a clear organizational structure with the Sales and Finance Director reporting directly to the Vice President and CEO John Brighton. American Minerals has been functional since 10 years now and is an established player in this industry.
8 Pages(2000 words)Term Paper
U.S. housing price
U.S. housing price The financial crisis of the United States happened at the backdrop of the US mortgage housing bubble. The homeownership drastically declined for the people belonging to the mainstream workforce. A reduction in the incomes of the individuals and an increase in the rate of poverty were noticed in the country.
8 Pages(2000 words)Term Paper
US airways's new Market - China
US airways's new Market - China Considering the urge of the western countries to establish a strong foothold on the Asian continent in order to expand their aviation industry, US airways invading China seems to be a plausible option. The US Airways is one of the key players in the aviation industry in the US.
11 Pages(2750 words)Term Paper
Hurricane Katrina Rescue Efforts
Hurricane Katrina was the strongest hurricane during the past 100 years which stroked the central Gulf Coast. Extensive destruction was caused all over the central Gulf Coast states. (Vigdor 135) Hurricane Katrina- The Development Initially the hurricane was developed on 23rd August 2005 at the Bahamas and it was a tropical depression which turned into a storm next day then it moved towards north, extending to west with passage of time.
3 Pages(750 words)Term Paper
First Indian reservation in New Jersey, in the Watchung Mountains
st application continued to hold and has since won general acceptance, except in strictly technical writing, where the more exact term ‘Native American’ is used. As exploration extended to north and south it was found that the same race was spread over the entire continent,
11 Pages(2750 words)Term Paper
Does a government imposed price control provide an efficient market
A good example is observed when the government implements rent controls and regulation of gasoline prices (Adams, 35-73). On condition that the price ceiling is set below the equilibrium, the
3 Pages(750 words)Term Paper
Let us find you another Term Paper on topic How did the hurricane Katarina impact the reservation price on the housing market in New Orleans, before and after the catastrop for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us