Mexico City Earthquake Finance Paper
Introduction:
Since the beginning of time, one thing that has always been unpredictable is a natural disaster. These disasters bring physical, financial, and emotional harm wherever they go. It is true that many of us might never face earthquake in their lives but this planet is quite familiar with earthquakes. This means that everyday somewhere there is an earthquake, that’s how common they are to our planet. Sometimes they are very light that only sensitive devices will recognize them but sometimes they are strong enough to cause physical damage and casualties. “It is estimated that about 700 shocks each year have this capability when centered in a populated area. But fortunately, most of these potentially destructive earthquakes center in unpopulated areas far from civilization” (USGS.gov). In this report we will be analyzing the earthquake of Mexico City 1985.
Most of the earthquakes occur near the circumference of Pacific Ocean. Due to the terrifying nature of this region, it is known as the “Ring of fire”. Seismologists have given it a name of their own, “Circum-Pacific Belt”(USGS.gov). But this does not prove that this is the only region where earthquake occurs, it could happen anywhere anytime. There is no place on this earth that is earthquake free.
Stating the fact that everyday somewhere there is an earthquake is not same as predicting them. Till this day it is impossible to predict them. This means that anyone at any time can say that today somewhere there will be an earthquake and it will undeniably be true. This is so, due to the fact behind it that millions of seismic activities happen yearly; thus, thousands every day. Many of them are so small that they can hardly be detected. The tricky part has always been in mapping out the locations and finding when these seismic activities will happen and where will they be centered.
Earthquake forecast will be a forthcoming probability, though. The same way that the Weather Bureau today forecasts
Since the beginning of time, one thing that has always been unpredictable is a natural disaster. These disasters bring physical, financial, and emotional harm wherever they go. It is true that many of us might never face earthquake in their lives but this planet is quite familiar with earthquakes. This means that everyday somewhere there is an earthquake, that’s how common they are to our planet. Sometimes they are very light that only sensitive devices will recognize them but sometimes they are strong enough to cause physical damage and casualties. “It is estimated that about 700 shocks each year have this capability when centered in a populated area. But fortunately, most of these potentially destructive earthquakes center in unpopulated areas far from civilization” (USGS.gov). In this report we will be analyzing the earthquake of Mexico City 1985.
Most of the earthquakes occur near the circumference of Pacific Ocean. Due to the terrifying nature of this region, it is known as the “Ring of fire”. Seismologists have given it a name of their own, “Circum-Pacific Belt”(USGS.gov). But this does not prove that this is the only region where earthquake occurs, it could happen anywhere anytime. There is no place on this earth that is earthquake free.
Stating the fact that everyday somewhere there is an earthquake is not same as predicting them. Till this day it is impossible to predict them. This means that anyone at any time can say that today somewhere there will be an earthquake and it will undeniably be true. This is so, due to the fact behind it that millions of seismic activities happen yearly; thus, thousands every day. Many of them are so small that they can hardly be detected. The tricky part has always been in mapping out the locations and finding when these seismic activities will happen and where will they be centered.
Earthquake forecast will be a forthcoming probability, though. The same way that the Weather Bureau today forecasts
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