How The Aftermath Of Hurricane Katrina Helped Louisiana Avoid The Great Recession
While much of the U.S. Economy took a nosedive after the housing bubble helped to create the Great Recession, a few states were able to avoid much of the local economic turmoil which followed. Most states suffered large increases in unemployment, a wave of home foreclosures, and lacked cheap capital to invest in new startups. Louisiana—home of Mardi Gras, New Orleans, crawfish, corrupt politics,...
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