The economic analysis of the U.S. Endangered Species Act Term Paper

The economic analysis of the U.S. Endangered Species Act - Term Paper Example An overview of the objectives and structure of the Endangered Species Act provides a very detailed and broad protection for many of the colorful species that inhabit this Earth. Wildlife and plants when listed as endangered fall under the net of this protection outlining procedures that federal agencies should follow and adhere to if there is the slightest chance the species are jeopardized. Not only does the Endangered Species Act of 1973, written by a team of lawyers and scientist and written into law by President Nixon, protects endangered species it also provides security for their "ecosystems upon which they depend" as well. The Endangered Species Act enables legislation for the Convention on International Trade in Endangered Species of Wild Fauna and Flora, commonly known as CITES. Criminal and civil penalties provide for the violations of the Act and the Convention.