How Does Fema Affect The Economy

A natural disaster has the capability to cause large scale damage and destruction to an area. Seismic events have been known to alter landscapes and affect the livelihoods, health and development of communities. No two earthquake events are the same and the level of threat posed by an earthquake can vary due to both the human and physical factors of an area. The 2010 magnitude - 7.0 earthquake that occurred in Haiti is an example of where a natural disaster caused a previously vulnerable area to suffer tremendous loss and debilitating socio-economic impacts, to an already poverty-stricken nation.

55). This is because things like a small flood would effect croplands differently than an urban center. A crop my actually benefit from silt deposits but the New York Stock Exchange would not. However, when disasters increase in scale they almost always have a significant impact on the economy (World Bank & United Nations, 2010, p. 55). Unfortunately, even though these impacts may be short-term there are third order effects on the economy. After Hurricane Katrina many areas were completely abandoned but many more were bought by developers pushing out the lower income populations, completely changing the local economy. This also highlights the different effect that disasters have on different demographics. As an example, the economies of developing countries are effected more by disasters then those of developed nations (World Bank & United Nations, 2010, p. 56). Although this may be because of population density or lack of infrastructure, it shows that demographics as well as the disaster itself have influence over the impact on local economy and

FEMA was established after a number of serious natural disasters that took place, but after that there were very few disasters so FEMA has not been in practice. Secondly FEMA has a history of poor planning, people with skill sets not suited for emergency response, FEMA was therefore not considered to be a priority agency when Hurricane Katrina

Natural disasters not only affect individual people in the area where it hit but they are able to affect the entire country from an economic standpoint. Other than the loss of lives, schools, and businesses which is the most obvious type of damage that we think of, most people rarely see the whole picture. One of the biggest problems caused by natural disasters is the disruption of the business world. This comes from damage to roadways and infrastructure. These cause major delays in production. It makes it harder to commute and communicate across the business world. The cost of the damage can be measured by several factors and also the type of natural disaster. One key factor that has an impact is the magnitude and duration of the event. Disasters that hit more populated areas have a stronger influence of hurting the national economy than if a disaster hits a less densely populated area. Changes in the peoples wealth can be affected due to damage to houses, buildings, structures, crops and forests. There are two types of losses when a natural disaster occurs. Direct losses and indirect losses. Some examples of direct losses could be homes, schools, and businesses. Examples of indirect losses would be all the components affected as the aftermath of the storm such as commuter disruptions, local tax revenues.

In order to help the people further, FEMA absorbed other services thanks to the Executive Order 12127 in which President Carter merged many of the separate disaster-related responsibilities to FEMA such as The Federal Insurance Administration, The National Fire Prevention and Control Administration, The National Weather Service Community Preparedness Program, The Federal Preparedness Agency of the General Services Administration, The Federal Disaster Assistance Administrations activates from HUD, Civil defense responsibilities were also transferred to the new agency from the Defense Department’s Defense Civil Preparedness Agency. FEMA receiving the power and leadership to direct other operations and creating them as one was a move to give the people in need a service for whatever crisis that is affecting that said area. FEMA has a long history from being created in 1979 and since then they have grown to be stronger with more power to do things for an area such as Flint Michigan.

Effective disaster management is highly important when it comes to assisting in rescue and relief to affected. This does not only include post disaster rescue efforts but these disaster management activities should be proactive. They start right from taking preventive measures before the disaster actually occurs and goes on till the effected people are resettled back in their lives. This disaster management pertaining to human life is not only associated with physical well being but also focuses on psychological, emotional, and spiritual rehabilitation.

FEMA takes over for state and local governments whey they tell FEMA what they need.

When a disaster strikes, part of FEMA’s duty is to make sure people are prepared with sufficient supplies in order to improve the situation. FEMA’s second failed attempt in response to the storm was with transporting citizens out of the city. Despite the early warnings for New Orleans citizens to evacuate some decided to stay since they themselves lacked the transportation to leave or some believed they could wait out the storm similar to what they had done in the past with other hurricanes. With the amount of citizens that stayed in the city, FEMA

The economy is starting to decline because of recent event that came before it. This year alone within a short amount of time; the U.S and surrounding areas have been effected by natural disasters. Two hurricanes started in the North Atlantic area and have came to the borders of the United States. Hurricane Harvey formed August 25th and ended on the borders of Texas and Louisiana on September 2nd. Hurricane Harvey was the first storm to affect the U.S. Hurricane Irma was the second to formed on August 30th, ending on the borders of Florida on September 12th. People in theses areas were early on to evacuate their homes and cities before the hurricanes came in. In recent study our economy is at a decline because of the hurricanes. Between Irma

The Federal Emergency Management Agency (FEMA) is a body under the United States Department of Homeland Security that was created in 1978 to improve the safety of the American residents, especially during disasters. FEMA has a primary mandate of coordinating the response to any disaster that may occur in the U.S. and that overwhelms both local and state authorities’ resources. FEMA comes in to aid only after the governor of the involved state has declared a state of emergency and has made a formal request. However, there is an exception to the gubernatorial declaration requirement, when an emergency occurs on a federal property such as the Space Shuttle Columbia experienced in the 2003 return-flight disaster ("About the FEMA Agency", 2016).

By looking back at history, it is clear that the economy is an ever changing thing that is unpredictable in many ways. From the stock market crash in the 1920’s to the more recent housing market crash in the 2000’s one thing is for sure; many different factors affect the United States economy every day. In addition to man-made factors there are also other elements that cannot be controlled or even consistently predicted that impact the growth or decline of the economy overall. For example, natural disasters such as tornadoes, hurricanes, and tsunamis not only cause immediate damage wherever they strike, but also have long term economic affects for years to come. One of the natural disasters that left the biggest impact on the economy was Hurricane

The Business of Disaster is focused mainly on how homeowners whose properties were destroyed by Sandy are still struggling three years after the fact. Most of them lost the majority, if not the entirety, of their possessions and the costs the repair their homes are high. Though

A disaster can hurt the economy in two ways. It can reduce supply, that is, it

Data obtained by assessing social vulnerability must be implemented within each phase of the emergency management process; mitigation, response, and recovery. First, to effectively respond and recover from incidents emergency management agencies must concentrate on the mitigation phase to prevent incidents from happening in the first place. This is achieved through a thorough hazard/vulnerability analysis (HVA). This type of analysis assesses the risk of physical, economic, and social vulnerability within all communities of a given jurisdiction (Lindell et al., 2006, p. 165). Additionally, the basis of the HVA allows emergency managers to effectively plan for disaster by creating pre-planned responses to disasters (rather than improvised response) and staging resources to locations with the highest probability of risk; ultimately contributing to the mitigation and response phases.

Natural disasters such as hurricanes, floods, and earthquakes have impacted Latin America. One example of how Latin America is impacted are tens, hundreds sometimes thousands of the population living in an area of a natural disaster do not survive it. The disaster itself can kill people. People can drown, be hit with debris or die of other hardships. Another huge consequence of natural disasters is the destruction of many buildings. A lot of the buildings that do not get destroyed, close down due to damage or loss of electricity or water. This includes not only businesses, but homes and public properties, such as schools and government buildings. This means that children can't go to school, so they do not get proper education. This also means that adults are unable go to work, so they can't make money, which puts them and their families into poverty. Being in poverty can also lead to death, due to sickness or starvation.Speaking of starvation...many crops can be ruined in natural disasters. Crops can be flooded or blown away. That causes lack of food and income. They not only can lose local income but they can also lose income from exporting their crops and goods. Many roads are shut down as well due to being flooded or destroyed.