How The Suez Crisis Might Give Rise To A New Industry: Pay For This Mess

How The Suez Crisis Might Give Rise To A New Industry: Pay For This Mess

Assessment

Interactive Video

Business, Social Studies

7th - 12th Grade

Hard

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The video discusses the economic impact of a mishap that was estimated to cost the global economy $10 billion per day. It questions the accuracy of this figure by analyzing global trade data and the role of the Suez Canal. The video explains that while the figure is likely exaggerated, the disruption is significant. It also highlights that the real costs are covered by insurance and that the market value of shipping companies has not been negatively affected. Finally, it speculates on future innovations, such as modern airships, that could arise from such disruptions.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain how the incident affected the shipping companies mentioned in the text.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential future development is hinted at in the text regarding airships?

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