Question: What was the economic cost of Black Friday 1939?

What was the economic cost on Black Friday 1939?

For example, the Black Friday fire of 1939 is estimated to have cost $750m, the 1983 Ash Wednesday fires $400m (AIC 2004) and insured losses from the 2009 Victorian fires now exceed a billion dollars. (National Insurance Council 2009). Losses of ecosystem services.

How did the Black Friday bushfires affect the economy?

By valuing a wide range of economic, social and environmental impacts and benefits through an economic loss assessment, the net cost of the Black Saturday Fires was estimated to be $942 million. This value was reached by deducting the total benefits ($1.998 billion) from the total losses ($2.939 billion).

What caused Black Friday 1939?

The causes included burning off for land clearing and grass growth, lighting campfires, inappropriate sawmill operations, and domestic fires. Fires initially started as early as December 1938, and the majority had begun in the first week of January 1939.

How much people died in the Black Friday bushfires?

71 people died and more than 650 buildings were destroyed. The most severe fires came during a firestorm on Friday January 13, known as Black Friday.

What was the worst wildfire in history?

Canada and the United States

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Year Size Name
1871 1,200,000 acres (490,000 ha) Peshtigo Fire
1871 2,500,000 acres (1,000,000 ha) Great Michigan Fire
1876 500,000 acres (200,000 ha) Bighorn Fire
1881 1,000,000 acres (400,000 ha) Thumb Fire

How do bushfires affect the economy?

Immediate Impact on GDP and Wealth

More than 10 million hectares have burned during the bushfire crisis, about half of that in NSW, Australia’s biggest economy. … Westpac has estimated that the bushfire crisis will cost Australia $5 billion in direct losses and reduce economic growth by 0.2 to 0.5 per cent.

What was the biggest fire in the world?

Largest fires of the 21st-century

Rank Name Area burned (km2)
1 2003 Russian wildfires 200,000
2 2019-2020 Australian bushfire season 180,000
3 2019 Siberia wildfires 43,000
4 2014 Northwest Territories fires 34,000

What started the Black Friday fire?

New South Wales and the Australian Capital Territory also faced severe fires during the 1939 season.

Black Friday bushfires
Date(s) 13 January 1939
Burned area 2,000,000 hectares (4,900,000 acres)
Cause Heat wave Careless burning
Buildings destroyed 650
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