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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.
Intense rainfall can also cause the overflow of lakes and rivers. If a large mass of snow melts all at onc â¦ e it can also cause a flood. Floods usually result from excessive rainfall or from rough waves along coastal lowlands, and is either clogged or baked up. Floods are also caused by erosion.