How COVID 19 Has Impacted the American Economy Term Paper

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The recent COVID- pandemic has illustrated how devastating and disruptive health concerns can be for the overall economy. The pandemic has caused unprecedented economic disruption and loss of life throughout the world. Unfortunately, no country was immune to the adverse consequences presented by the pandemic. In America alone, over 500,000 individuals have died from the virus with millions of other Americans becoming sick. Third world countries, where access to resources and medical care are limited, faced very dire circumstances as their countries were ravaged by the virus. Worldwide, roughly 118 million people have been infected by the virus with nearly 3 million dying from it. It is during these periods that Christian values an ethics are at their greatest. Christians from around the world gather in solidarity to administer add to ailing victims around the world. Christians donated millions of dollars to supply protective equipment for vulnerable populations including the elderly, healthcare workers, teachers, and other front-line employees. Many churches organized food drives to help mitigate the impacts of job loss on victims of the virus. Still others ministered to the sick while they battled the virus for survival. All these activities showcase the power of not only American ingenuity and grit, but also the resolve of the Christian population. It is these activities that allow people to continue through, what many consider, the toughest economic circumstances since the great depression. As Isiah 58:10 reads, “If you pour yourself out for the hungry and satisfy the desire of the afflicted, then shall your light rise in the darkness and your gloom be as the noonday.” It is impression how resilient the overall community is as it relates to this virus (Woodman, 2006). Although much work remains to fully combat the virus, its implications on business, society, and individuals is progressing. This proposal looks to examine the impacts of COVID-19 on American civilization, with a Christian worldview. The proposal will deter areas of concern related to industry, the implications of stimulus efforts on the economy, and the future of society once the virus is fully defeated. This analysis will be conducted with an eye on Christian perspective and how they align or do not align with current societal initiatives (Fernandes, 2020).To begin, coronaviruses are a type of virus. There are many different strands and types of the virus that vary in their severity or attributed. One such kind of coronavirus is SARS-CoV-2, which is the primary catalyst and cause of the worldwide pandemic of respiratory illness known popularly as COVID-19.

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COVID-19 first appeared in December 2019, in Wuhan, China. The exact origins of the virus are current unknown, but many sources believe the cause to be from seafood or other animals within the area. Investigations are still on-going as to what the exact cause of the virus was. The virus itself is highly contagious and can be spread through droplets released in the that air. This is particularly relevant when a person coughs or sneezes. The droplets once a person sneezed occupy a surface and can remain active on the surface for days. As a result, individuals who contact an infected surface can themselves become infected. This presents interesting problems as it relates to the overall transmission of the virus as commonly used surfaces act as a transferring agent for the virus. Doorknobs, bathrooms, commonly used counter tops, shopping carts, and other commonly used items can all impact the way in which the virus is transferred. As a result, social distancing and masks are required to help mitigate the spread of the virus to unsuspecting individuals in commonly used areas. Once…

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…is important as they main individuals who could be impacted are retirees and saves approaching retirement. This individuals are the very segment that should not be in these investments to begin with but must do so due to unintended consequence form the lower interest rate policy decision. As a result of COVID relief efforts, the overall economic may experience increase inflation, increased risk taking, and budget deficient that may relate to increased taxes in the future (Kartseva, 200)To conclude, the COVID-19 has crated an unpresented disruption to economic activity. For one, the travel, tourism and airline industry has been heavily disrupted resulting in large layoffs and furloughs. In response the government has responding with massive stimulus efforts to mitigate the influence of the virus on the economy. These efforts will likely have unintended consequences including higher inflation, higher risk taking, and higher taxes. These unintended consequences are unknown now and may not materialize. However, their threat can have grave consequences for the economy in the future......

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