What were the economic effects of the Northridge earthquake?
The Northridge earthquake was the costliest natural disaster to have occurred in the United States at the time, and is today the third largest economic loss caused by a natural disaster in the nation’s history. The damage cost estimate reached $20 billion in damages, and $49 billion in economic loss.
What was the direct economic loss of the Northridge earthquake of 1994?
Economic Impacts: Preliminary total damage estimate were USD 15-17 billion,4 but these total direct loss estimates have been revised upwards over time. 5 The Average Reported Estimated Direct Loss (AREDL) has been calculated to be USD 41.8 billion, using the estimates set out in section 2.1.
What were the economic impacts of the earthquake?
Effects of an earthquake
| Social impacts | Economic impacts | |
|---|---|---|
| Long-term impacts | Disease may spread. People may have to be re-housed, sometimes in refugee camps. | The cost of rebuilding a settlement is high. Investment in the area may be focused only on repairing the damage caused by the earthquake. Income could be lost. |
What damage did the Northridge earthquake cause?
The quake killed more than 60, injured more than 9,000, and caused damage amounting to over $20 billion.
What freeway collapsed the Northridge earthquake?
A bulldozer tears down a section of the Santa Monica Freeway that collapsed during the Northridge earthquake, on Jan 19. Vehicles are left crushed under the Northridge Meadows apartment complex on Jan. 17.
What caused Northridge Earthquake 1994?
A strong earthquake shook the Los Angeles region on January 17, 1994, at 4:30 am Pacific Standard Time (12:30 UT). The Northridge earthquake was caused by dip slip on a thrust fault—the overriding movement of one crustal block up and over a second crustal block (see p.