By Clovis Steele
Special to The Globe
WEBB CITY, Mo. —
We all know the economy is a disaster, but this letter is about real disasters that the nation has endured and the way they affect the economy.
We can start with Hurricane Katrina, then move on to the tornadoes in many states, including the big one in Joplin. There have also been wild fires in many states, as well as floods. Thousands of people are displaced and need emergency shelters. In turn, that fills up hotels and motels and this increases the restaurant trade.
Thousands of homes were destroyed which includes thousands upon thousands of rooms of furniture and other furnishings. Thousands of cars were destroyed and car sales increased. Many schools were destroyed — just think what it takes to replace them. The farmers lost homes, equipment and animals. Some never recovered. Just think of all the business establishments that were destroyed and what it takes to replace the buildings and equipment.
What it takes to rebuild and furnish all disasters touches every industry. Thousands of people have to be hired, and this takes in every craftsman you can think of, including demolition and area cleaning people.
With so many people losing their homes, many look for other homes to buy, so this creates a boom in the real estate market.
When you stop and think about it, we do have quite a disaster economy. The economy wouldn’t be as good as it is without the disaster economy.