What was the major economic consequence of the 1918 influenza pandemic? 🔊
The major economic consequence of the 1918 influenza pandemic was a significant disruption to the global economy, severely impacting labor markets and productivity. With millions infected and a high mortality rate, many workers were incapacitated, leading to labor shortages in various industries. The agricultural sector, facing diminished workforce availability, experienced reduced productivity, causing food supply issues. Additionally, businesses suffered due to decreased consumer demand and disruptions in trade. The pandemic contributed to inflation and economic instability, with some regions taking years to recover fully, highlighting the interconnectedness of public health and economic systems.
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