Cyclone Tracy- Economic Impacts
Cyclone Tracy damaged 90% of buildings which needed rebuilding from scratch. This cost a lot of effort and money having little building supplies.
Cyclone Tracy having destroyed buildings resulted in unemployment or a reduced income from businesses.
The price of goods and supplies increased due to the cost of transportation from further away.
Cyclone Tracy caused $837 million dollars worth of damage. The damage resulted in Australia having a debt of over $380 million dollars.
Cyclone Tracy having destroyed buildings resulted in unemployment or a reduced income from businesses.
The price of goods and supplies increased due to the cost of transportation from further away.
Cyclone Tracy caused $837 million dollars worth of damage. The damage resulted in Australia having a debt of over $380 million dollars.