History: September 9, 2021. Economic Consequences of the Influenza Pandemic 1918-1920
The Great Influenza Pandemic which occurred between 1918 and 1920 caused the deaths of about 40 million people all around the world. The mortality was not homogeneous throughout the world. India suffered a mortality of 5.22% while the United Kingdom had a mortality rate of 0.46%.
A pandemic of this magnitude had significant economic consequences. According to this article, the real world per capita GDP declined by 6 percent and consumption by 8 percent. In the United States of America, the decline was lower: a 1.5 percent decline in GDP and a 2.1 percent drop in consumption. Stocks suffered a decline, in the US the decline was measured at 7%.
It is to note, though, that the declines mentioned recovered quickly in the yers following the pandemic.
This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
Posted Using LeoFinance Beta
Congratulations @marcusantoniu26! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 3000 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz: