What are the long term effects of the coronavirus outbreak on the economy?

More than 2.1 million people around the world have become infected Coronavirus, and more than 140,000 people had passed away from the disease. The United States, now approaching 650,000 infections, is the new epicenter of the outbreak. But as U.S. officials rush to contain the spread of disease, the federal government is also grappling with the dramatic—and unprecedented—toll the epidemic has had on the economy. In four weeks, 22 million Americans have filed for unemployment benefits. Technical glitches have prevented millions of Americans from receiving their stimulus checks from the U.S. Department of the Treasury. And the Small Business Administration, which supports U.S. entrepreneurs with loans and funding, has run out of money for its Paycheck Protection Program.

Explanation:  

industry had made the u.s. the richest nation in the world at this time. the second industrial revolution caused growth in industry and transportation, which allowed increased trade between nations. click to let others know, how is it