Over the course of history, illnesses and pandemics have had a tremendous economic impact. Economic historians often struggle to calculate the economic impact of these events however, due to the lack of accurate records. The exception is the flu epidemic of 1918, which had a long lasting and significant impact on the world economy. In a ten month period stretching from late 1918 into early 1919, over 40 million people worldwide died as a result of the flu epidemic, about 4% of the world’s population. In comparison, the AIDS epidemic has killed 25 million people since 1981. In the United states alone over 700,000 people died, which is greater than the total number of American deaths in both World Wars, The Korean War, and Vietnam, combined. One of the major takeaways from studying the flu epidemic is that it offers a real life example of what impact population shocks have on economies. Major plaques such as the black plaque lack the data required to arrive at a conclusive analysis, while economic theory is too ambiguous to accurately model the situation. In the case of the 1918 flu epidemic, known commonly as the Spanish Flu, records exist which allow economists to draw conclusions on the impact of population shocks on the world economy. With every pandemic, the initial result is the death of a substantial portion of the population of the impacted area. Typically, the majority of those who die as a result of the flu are the elderly, and children. Under normal circumstances, this leaves the majority of the working class intact, and any major economic impact is spared. However, the 1918 flu epidemic is unique in that the majority of those who died were of working ages, between 15 and 50. Also, males were disproportionately more likely to die due to flu related causes. During this time period men dominated the workforce. As a result, the employed population was hit hardest, leading to a substantial economic impact. Traditional economic thought states that in an area where population declines at a rapid rate, the overall prosperity, commonly measured in GDP per person, will increase. This is because the supply of labor decreases, and as a result wages increase due to a leftward shift of the supply curve. In 2003, Elizabeth Brainerd and Mark Siegler published a study aimed at discovering whether the Spanish flu followed the theorized path. They were able to compare personal incomes in 1921 to those in 1930, before the Great Depression impacted incomes.
After a flu pandemic breaks out, ninety-nine percent of the human population perishes. Without electricity, transportation, or a cure, the one percent of humanity that is left must fight to survive by
The Influenza virus is a unique respiratory viral disease that can have serious economic and social disruption to society. The virus is airborne transmitted through droplets release by coughing or sneezing from an infected person or by touching infected surfaces. Symptoms range from mild to severe and may even result in death. People with the virus usually experience fever, headache, shivering, muscle pain and cough, which can lead to more severe respiratory illness such as pneumonia. People most susceptible to the flu virus are elderly individuals and young children as well as anyone whose health or immune system has been compromise. The most effective way to counteract the influenza virus is to get the flu vaccine which is available by shots or nasal spray before the flu season as well as practicing safe hygiene. (CDC, 2013)
The influenza or flu pandemic of 1918 to 1919, the deadliest in modern history, infected an estimated 500 million people worldwide–about one-third of the planet’s population at the time–and estimates place the number of victims anywhere from 25 to 100 million. More than 25 percent of the U.S. population became sick, and some 675,000 Americans died during the pandemic. The 1918 flu was first observed in Europe, the U.S. and parts of Asia before swiftly spreading around the world. Surprisingly, many flu victims were young, otherwise healthy adults. At the time, there were no effective drugs or vaccines to treat this killer flu strain or prevent its spread. In the U.S., citizens were ordered to wear masks, and schools, theaters and other public
--------------------------------------------------------------------- [1] Essen, G. A., "The Socio-Economic Impact of Influenza". http://www.eswi.org/Bulletin_October_1997.cfm [2] Frayha, Husn. " Influenza Vaccination: A Call for Action" http://www.kfshrc.edu.sa/annals/176/97-248R.html [3] "Influenza". http://www.caw.ca/whatwedo/health&safety/factsheet/hsfssubstanceno37.asp
The Bubonic Plague, or more commonly known as ‘The Black Death’ or ‘The Black Plague,’ was one of the most devastating and deadliest pandemics that humans have ever witnessed in the history of mankind. The disease spanned two continents in just a few years, marking every country between Western Europe all the way to China. During the reign of the plague, which is estimated to be the years between 1347-1352, it is estimated that “20 million people in Europe–almost one-third of the continent’s population” was killed off due to the plague. The Black Plague would change the course of European history since the plague knew no boundaries and inflicted its wrath upon the rich and the poor alike. As a result, not only did the plague have a devastating demographic impact which encountered a massive social disruption, but also, an economic and religious impact as well.
One of the most virulent strains of influenza in history ravaged the world and decimated the populations around the world. Present during World War I, the 1918 strain of pandemic influenza found many opportunities to spread through the war. At the time, science wasn’t advanced enough to study the virus, much less find a cure; medical personnel were helpless when it came to fighting the disease, and so the flu went on to infect millions and kill at a rate 25 times higher than the standard.
In 1346, the second and most devastating case of Bubonic plague erupted. (Janis 1) This specific case of plague originated in Kaffa, a cathedral town on the Crimean Coast and spread to China then quickly westward to India. Soon traders from India sailed to Europe and infected almost the entire continent. (Ziegler 121) This case was the most famous because of the large number of deaths affiliated with its outbreak. An estimated twenty five million people, one third of Europe’s population, perished during the plague’s four years of existence. (Janis 1) Government, trade, and commerce in Europe almost came to a halt. The Black Death caused the depopulation of about 1,000 villages in England. (Janis 2) In one case, in Alexandria, Egypt, the first two weeks of the plague 100-200 people died each day. Soon after, as many as 2,000 people died each day and the number increased each week. During this time, the Roman Catholic Church lost some influence on its people.
The Great War rages on. An influenza epidemic claims the lives of several Americans. But, the Boston Red Sox have done it again. Last night, in a 2-1 victory over the Chicago Cubs at Fenway Park (thanks to Carl Mays' three-hitter), the Boston Red Sox won their fifth World Series championship--amid death and disease, a reason to live ... Babe Ruth and the 1918 Red Sox. If I die today, at least I lived to see the Sox win the championship. For, it could be a long, long, time before this happens again.
The Influenza Pandemic of 1918-1919 occurred during the midst of World War I, and it would claim more lives than the war itself. The disease erupted suddenly without a forewarning and spread rapidly across the globe. It seemed as though all of humanity had fallen under the mercy of this deadly illness. Influenza had very clear symptoms as described by William Collier in his letter to The Lancet. After a patient seizes their temperature can run up to 105° or more while their pulse averages at about 90 beats per minute. The high temperature and low pulse are frequently combined with epistaxis (nosebleed) and cyanosis (blueness of the skin). The epistaxis is caused by the high temperature and the cyanosis is caused by a lack of oxygen due to the decreased pulse (Kent 34). The author of Influenza Pandemic of 1918-1919, Susan Kinglsey Kent, provides a brief history of the pandemic and documents from the time period. Many of the included documents show how unprepared and unorganized governments attempted to contain and control a disease they had never experienced, and how the expectations of the governments changed as a result of their successes and failures.
In the United States, every year between 5 to 20 percent of the population is affected by influenza. As a result of this, between 3,000 and 49,000 deaths have occurred per year (Biggerstaff et al., 2014). Therefore, the influenza vaccine is the most effective strategy to prevent influenza. This essay will examine two significant reasons for influenza vaccination, which are the loss of workforce and economic burden, as well as one effect regarding herd immunity. Influenza infection can negatively impact the productivity.
In the 1340’s, an epidemic named the Black Death, erupted through Europe, killing nearly ⅓ of its population. The Black Death originated in China, rapidly spreading to western Asia and Europe. It killed about 30 million people in Europe plummeting its population. A lot of these people were peasants. This was because they had the least money, therefore putting them in the worst living conditions. There were so many of them that no individual could make a substantial amount of money. When the plague hit, the peasants were strongly affected. A huge population of them were killed. After the epidemic, the population of peasants was far less than before. This provided them with a chance to really improve their lives. The Black Death caused a change
Believe it or not, but investing money in vaccines actually helps our economy. When a person thinks about it, it makes sense. For every vaccine you receive, the less likely you will have to pay medical expenses if you get sick. And that money adds up, “Every $1 invested in immunization returns an estimated $16 in health-care savings and increased economic productivity” (Bustreo par. 4). Using those statistics, every ten dollars a person spends on getting a flu vaccine potentially saves them one hundred-sixty dollars from doctor visits. Imagine what that could do in third world countries where hundreds of people are dying everyday from vaccine-preventable diseases. Imagine how quickly that money could add up. Not only would it save their citizens’ lives, it would actually help their economy
“The Influenza Pandemic of 1918.” Billings, Molly. Stanford University Virology. June 1, 1997. retrieved from http://virus.stanford.edu/uda/
(Barry 5). In the United States, the experience during the pandemic varied from location to location. Some areas were better off whereas some were hit horribly by the disease, such as Philadelphia. It also came as a shock to many, though some predicted it's coming; few thought it would strike with the speed and lethality that it did. Though the inherent qualities of the flu enabled its devastation of the country, the response to the flu was in part responsible as well.
...ile the pandemic will absolutely leverage the rate of financial development, structural alterations are furthermore expected to be one of the prime economic hallmarks of the AIDS pandemic (Arndt 427-449). The effect of the HIV/AIDS epidemic can be visualized by the overwhelming change in mortality rate of South Africans. The yearly number of mortalities from HIV increased distinctly between the years 1997, when about 316,559 people died, and 2006 when an estimated 607,184 people died ("HIV AIDS IN SOUTH AFRICA"). Those who are currently assuming the burden of the increase in mortality rate are adolescents and young adults. Virtually one-in-three females of ages 25-29, and over 25% of males aged 30-34, are currently living with HIV in South Africa (UNAIDS). The good news, thanks to better supply of ARV treatment, is that life-expectancy has risen vastly since 2005.