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Effects of flooding. Floods can have devastating consequences and can have effects on the economy, environment and people. Economic. During floods (especially flash floods), roads, bridges, farms, houses and automobiles are destroyed. People become homeless.
In terms of lives lost and property damaged, floods are just behind tornadoes as the top natural disaster. In the United States, flood damages totaled $8.41 billion in 2011. There were 113 flood-related deaths. Floods can affect any area to some degree; wherever rain falls, flooding can occur.here are several types of flooding. Overbank flooding: What most people think of when they hear the word flood.. Filled to capacity because of heavy rain or melting snow, the water within a river overflows its banks and spreads across the land around it.