The price of destructive fire is estimated at over $11 billion a year in the U.S. Loss of businesses leads to loss of jobs, which is a price that is beyond calculation. It is sobering to come to the realization that the richest and most technologically advanced nation in the world led all major industrialized countries in per capita deaths and property loss from fire during that time. Chapter 2 Living Victims Of The Tragedy. The Commission outlines the struggles of victims who are maimed and disfigured by burn injuries. The reader is made aware that half of these victims are children, who must live out the rest of their lives with physical, as well as
The hurricane strength winds which gusted up to speeds of 10 knots in the south-east England caused more than 15 million tress to fall down, blocking roads and railways and leaving widespread structural damage to more than 15 million buildings. In total, insurance claims were estimated to close to £2billion, making it the second most expensive UK weather event on the record for insurers. In contrast, while the St Jude’s Storm in 2013 also
The pay deals also drew fire. With unemployment near 10%, "to be handing out $6 million bonuses to essentially federal employees is unreasonable," said a Texas
National football league is a very high price market and it product is valuable beyond means. Economically the national football league gross nearly 9 billion dollars in total revenues last year. So this summer the (NFL) officials decided to strike because they felt weren't being paid enough compared to what the league was grossing yearly. A source stated from a union official that it would cost the N.F.L just 3.2 million annually, if the league met all of the demands a fraction of the 9 billion (New York Times). The referees had not been trained properly and were thrower in to the pot.
This earthquake is remembered as one of the most destructive natural disasters next to the Galveston hurricane of 1900, and hurricane Katrina of 2005. The death toll is believed to have soared past the 3000+ casualty mark. San Francisco was the 9th largest city in the US, and the largest city on the west coast. Over the years San Francisco had become a financial, trade powerhouse and was even referred to as “gateway to the pacific” because they had the busiest port on the West coast. The initial impact was devastating which left about 300,000 people homeless out of a population of about 410,000.
Before the war began, the United States was in the middle of a recession. By the beginning of April 1917, Britain alone was spending around $75 million a week for United States supplies and had an overdraft of $358 million. When America entered into the war they most definitely saved Great Britain. The cost factor of the war left the United States at a loss of around $32 billion. America had to turn to ways of raising money.
True, during the time of the war, and for about ten years post-war, the US economy soared to all time highs. But shortly after, when the costs of the war had kicked in and the debts came rolling in, what followed was the greatest depression America had ever faced. People lived in “Hoovervilles”, thirteen million people became unemployed, the income of an average American family decreased by 40%, there was more emigration than immigration, racial tensions ran high, etc. These are just some of the consequences of the Great Depression, part of which was caused by the debt of a war that America could have avoided, thus avoiding such a hard blow by the Depression. Had America stayed out of the war, the economy might have not been affected as seriously as it was by the Great
This was the longest uninterrupted period of expansion since the government started keeping track in 1854.During this time fifteen million new jobs were created and just under twenty trillion dollars worth of good and services were produced. President Reagan inflated the DOD budget. He wanted the Americans to be ready for a war just in case if one ever happened. President Regan also had plains for what he called the “star Wars.” His Plain was to make some kind of shield that would protect us from nuclear missiles. President Reagan also deregulated the lending restrictions for savings and loans.
The Great Depression of the 1930s was the longest economic disaster of the United States. Possibly the greatest crisis faced by any other country. This was a very long period were a lot of people where affected by the economy, unemployment, and World War II. The Great Depression led to the biggest economic downfall in United States history. Unemployment increase 25%, Bank Failures, and the industry were ruined but the two major causes of the Great Depression were the Stock Market Crash of 1929 that in just four days dropped 40% and gave the country their economy status for the next decade and the difficult financial situation caused by World War I when Europe also was having an economy issue and couldn't pay a debt to the United States.
Since the mid-1970s, the prison population in the nation’s largest state has risen by more than 750%, from about 20,000 to more than 160,000 (Equal Justice Initiative, 2010). California’s prison system is among one of the worst in the system and part of it is due to their adaptation of their “Three Strikes” laws. The laws are harsh and the criminals, especially the ones already having two strikes don’t seem to care about the seriousness of committing crimes. California’s prisons, 33 total, are operating at almost twice their design capacity. Overcrowding is a very serious issue that worries the state officials such as Governor Schwarzenegger.