The 10 Costliest Floods in American History

More

The Mississippi flood is on its way to being the second most destructive in American history, with total costs, including to lost business, estimated to be as much as $9 billion. The United States Army Corps of Engineers flooded Vicksburg, Miss. to save New Orleans, with waters cresting last week in the old southern city at 57 feet, surpassing 84-year old record.

Since the U.S. Geological Survey began collecting flood data at the beginning of the 20th century, some 32 major floods have been reported. Based on an analysis of the USGS database, and adjustments for current dollar values, 24/7 Wall St picked the ten most destructive floods in American history.


________

*We excluded those floods which were caused by hurricanes because their damage can be as much from wind as from water. You'll notice that some of the most damaging floods in the early part of the century are toward the bottom of the list. As Americans have become richer -- and urban planners have become gutsier -- we've built more expensive residences and commercial buildings in the path of dangerous floods, which accounts for flood costs growing with time.

Jump to comments

Douglas A. McIntyre and Michael B. Sauter are editors of 24/7 Wall St., a Delaware-based financial news and opinion operation that produces content for sites including MarketWatch, DailyFinance, Yahoo! Finance, and TheStreet.com.

Get Today's Top Stories in Your Inbox (preview)


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Miami: The Next Big Start-Up City?

How the city became a center for innovation

Video

Video

A Brief History of Romantic Comedies

From The Atlantic's Chris Orr

Video

Video

Life in 'the New Arctic'

A moving portrait of a fading landscape

Video

Video

The Rise of New York City

A fascinating look at Manhattan in the 1940s

Video

'I Thought It Was Really Funny, but No One Else Did'

A day with New Yorker cartoonist Joe Dator

Video

New Yorkers: The Winemaker

Make your own wine ... in New York City

Video

What Is Methane Hydrate?

"Flaming ice" is a vast natural energy source

Video

NASA's Time-Lapse of the Sun

Now with epic dubstep music

Video

A Video Letter From the Editor

Highlights from the May 2013 issue

Video

Shaken Not Tuned: Cocktail Experiments

Can a tuning fork improve a cocktail?

Video

Video

The Rise of Environmentalism

Tracking 50 years, from the Love Canal disaster to Greenpeace

Video

Is He Cheating? A 1950s Guide

'That little blonde secretary from the office?’

Video

New Yorkers: Vintage Vacuum-Tube Amps

Risking electric shock to restore old amplifiers

Video

The DIY Piano-Bicycle

Everybody needs a hobby

Writers

Up
Down

More in Business

In Focus

2013 National Geographic Traveler Photo Contest