5
The impact of Covid-19 on the American Economy
Alexis Beatty
Engl 101-D02
Professor Powell
12/6/2021
The impact of Covid-19 on the American Economy
1. Introduction
Hook the audience
The American economy impacts our lives, and this has become complicated after the Covid-19 pandemic we have encountered over the past two years.
More so, 30.2 millions of Americans lost their sources of employment in July 2020
Based on the World Economic Forum, the American economy has encountered the most significant hit since the great depression.
Pinpoint the issue
America does not benefit from the economic blow as it has occurred this year because of the pandemic.
Researchers predicted that reopening the economy would lead to more risks for the people who work in areas that are more prone to contracting the virus. They concluded that the pandemic would not suffer significant depression.
The key thesis
Reopening the economy means saving the nation from reclaiming jobs and evading another great depression.
2. The body paragraphs
a) The topic sentence
Maintaining the American economy needs reopening of the economy.
According to research, this claim is supported.
b) Evidence
Covid-19 resulted in challenges in economic growth. The American economy is the most outstanding on the globe. It is also the most significant importer and exporter of services and goods across the globe. Trade is a vital tool for expanding the American economy as it offers jobs, aids Americans provide for their households with affordable services and goods, and assists in raising living standards.
c) Analysis
Before the pandemic, the economic situation was at its best, but the shutdown slowed in many aspects. For example, business operations became slow. This signifies that the American economy was thriving until the pandemic strikes hence the Evidence that reopening is a strategy of reclaiming the economy.
d) Qualifier
Even though the urge to reclaim the economy, reopening proves dangerous because of the constant exposure to the virus.
A depression could harm the economy, but the covid-19 pandemic is equivalently dangerous to the economy and claiming lives.
e) Rebuttal
Reopening the economy appears to be vital.
A depression is long-lasting than the Covid-19 pandemic.
f) Summary in a sentence
The economy and the world will forever feel evident impacts caused by the pandemic.
Reopening means curbing a great depression. It would be better to cope with slight exposure to the virus than suffer a great depression as the impact of the depression would always be felt.
3. The body paragraphs
a) Topic sentence
The economic shutdown resulted in the loss of jobs for many people, but this can be corrected
Working from home and venturing into a small business, which includes starting companies, can help solve the problem
b) Evidence
About 30.4 million Americans at the end of July 2021 received the unemployment checks (“COVID-19: What you need to know about the coronavirus pandemic on 6 December,” 2021). The unemployment rates rose as full-time employees became part-time workers or lost their jobs.
c) Analysis
Available jobs have decreased since the pandemic began; hence economic shutdown
The reopening was hence the best alternative to cater to the unemployment rates.
d) Qualifier
The current unemployment rates can be linked to how former president Donald Trump handled the pandemic
e) Rebuttal
Former President Donald Trump brought the unemployment rate to its lowest over the four years he ruled.
He did so much to evade economic crush but shutting down after the pandemic wanted down his efforts.
f) Summary sentence
Reopening is the absolute way of reclaiming jobs
4. Extra body paragraph analyzing the opposing views
a) Topic sentence
Despite wanting to reclaim the economy, reopening is dangerous due to increasing Covid-19 cases.
b) Refutation
The pandemic seems dangerous, but a major depression would be worse
c) Evidence
Close to 30.2 million Americans lost their jobs in July 2020 (Home | United States Trade Representative, n.d.).
Full-time employees also worked part-time, and some lost their jobs.
5. Conclusion
a) Summary of the key ideas in the body paragraphs.
It would be beneficial to keep the economy open because of the crumbling effects experienced if it were to be closed again.
Researchers claim that reopening is linked to an increased risk of contracting the virus, but that would not cause the great depression.
b) Restating the thesis
Reopening is a strategy of having America from depression and restoring jobs
c) Final call to action
America should understand the importance of having a running economy rather than shutting down because of Covid-19, as this is a way of maintaining the economy.
References
COVID-19: What you need to know about the coronavirus pandemic on 6 December. (2021, December 6). World Economic Forum. https://www.weforum.org/agenda/2021/12/covid-19-coronavirus-pandemic-news-6-december-2021/
(n.d.). Home | United States Trade Representative. https://ustr.gov/
“U.S. lost 701,000 jobs in March; Much worse to come,” 2020)
U.S. lost 701,000 jobs in March; Much worse to come. (2020, April 3). NPR.org. https://www.npr.org/sections/coronavirus-live-updates/2020/04/03/826096581/jobs-data-will-be-from-way-back-when-things-were-normal-3-weeks-ago
The post 5 The impact of Covid-19 on the American Economy Alexis Beatty Engl appeared first on PapersSpot.
