Hurricane Sandy

Awareness of the Economic Devastation

Hurricane Sandy Effects Economy

Hurricane Sandy was a very dangerous storm that caused heavy wind and rain, and caused damage to cities and homes all around the east coast. Hurricane Sandy was a category 1 when it hit the United States. Its storm surge hit New York City on October 29th, flooding streets and tunnels, and cutting power lines in the City.

Millions of people were without power, likely for an extended period of time. Businesses -- from the nations stock exchange and all the way on down to thousands of corner stores were shut down. The total property damage and lost business is around $10 to $20 billion dollars and insured losses are around $5 to $10 billion dollars and total losses are as high as $25 billion. "The bottom line is, it's very disruptive, very painful, but at the end of the day these kinds of natural disasters typically don't show up in national economic data," said Mark Zandi, chief economist for Moody's Analytics.

Not only do Hurricanes destroy homes and cause dangerous floods, but they have economic impact also. Billions of dollars were spent helping businesses get back up on there feet. I want this to help people understand that Hurricane Sandy caused tons of economic damage.