Genealogist website The Economic Impact of a Pandemic April 23, 2020 - DancestorsGenealogy.com
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Genealogist website The Economic Impact of a Pandemic April 23, 2020

23 Apr Genealogist website The Economic Impact of a Pandemic April 23, 2020

Posted at 12:38h in Newsletter by

Do the newspaper headlines below seem too familiar with pictures of people wearing masks and church services being canceled? Perhaps your Great Grandfather is part of the gathering for a group picture after the quarterly sales meeting. They apparently didn’t know then about the 6 ft rule.

by Dan Nelson on April 22, 2020

With my unique perspective that intersects with my business background, interest in history, and it impacts on business and families in the past, I went looking to see what I could find in regards to the economic impact of past epidemics.

We’re all writing history right now, and there are articles produced by the hour trying to get a handle on what the COVID-19 epidemic means to us economically, medically, and socially.

I was hoping to find something written earlier after the real data was available vs. speculative data. I found a study done in 2004 by the National Academy of Sciences, on the cost of SARS.

The cliche that “history often repeats itself” seems applicable as we had our shot over the bow in 2003. As the high time span CEO or key executive, what are you doing to position your business and your family for a future of viral disruption?  Will you address your supply chain, and your workspace configurations in anticipation of this happening again or just ride it out and hope to make enough money in between disasters to be able to ride them out?  

Below is the link that includes the conclusion that SARS had a $54 billion dollar impact, which is very “small change”, to the current economic impact of COVID-19. It’s amazing how prescient the article was, yet we didn’t seem to much to prevent a far larger impact that we all get to witness first-hand.

https://www.ncbi.nlm.nih.gov/books/NBK92473/

Which cure would you have chosen?

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