In the two and half century history of American history, the nation has seen a fair share of disasters and emergency situations. Some of these events were man-made, like the great Wall Street crash of 1929. Others were natural events, like the high-magnitude earthquake that hit Los Angeles or more recently Hurricane Katrina. For much…
Tag: FEMA
Disaster Management: The cases of Hurricane Katrina, Hurricane Rita and Hurricane Ike
1. How did the flooding affect commodity markets? Describe, in detail, what happened to energy prices. Look at the markets for the following commodities: crude oil, unleaded gas, and natural gas. Does Ike constitute a supply or demand shock? Explain yourself clearly. Hurricane Ike moved inland from the Atlantic Ocean in the second week of…