Browse Exhibits (2 total)
Meanwhile...
The 2020 election, foremost in the conciousness of many Americans, is dominating public discourse. Meanwhile, the beat goes on. American's tend to have a somewhat myopic view of world news, especially during a politically charged election. This exhibit is a snapshot of some other news from around the world.
The Cost of COVID-19: The Economic Impact of a Worldwide Pandemic
The outbreak of the COVID-19 coronavirus led to the shutdown of many worldwide operations in attempts to stop the spread through human contact. This had the unfortunate effect of depressing the economy of many countries due to many people staying at home in quarantine. Businesses lost a lot of money, causing unemployment to reach levels that were unheard of before.
This exhibit shows, through news articles and documented video, the effect that COVID has had on the world at large. It also depicts how the virus has affected some of the largest countries in the world, as well as smaller countries who handled the pandemic in different ways.
The exhibit is divided into different sections. The first section deals with how the pandemic has made an impact on a worldwide scale. In the beginning of the pandemic, stocks plummetted as countries were going under lockdown and trade came to a halt. Now, many economies have suffered stagnation as they try to recover from months of minimized trade.
The second section deals with the economic impact that COVID-19 has had on the United States. Due to large amounts of cases in the U.S., combined with limited intervention by the government, the American economy has struggled with dealing with the effects of the virus. As a result, both businesses and hospitals lost millions and could potentially lose more before the virus is over.
The third section deals with the impact that the coronavirus has had on China. Since the coronavirus first emerged in Wuhan, China has been able to stabilize the economy through various means; however, more damage could occur if consumer spending does not improve. It has also affected their hospitals, many of which had been working at max capacity.
The last section deals with the economic impact that the coronavirus has had on the continent of Europe. Multiple European countries have struggled with reversing the damage the virus caused at the beginning of the outbreak. Each country had a different strategy for dealing with COVID-19, with varying successes depending on the country.