Knoxville sits nestled in the extraordinary natural beauty of the Tennessee River Valley. For four long years, from 1861 to 1865, this idyllic setting was racked by some of the harshest experiences of the entire Civil War. Armies, battles, famous generals, partisans, and thousands of troops from every state North and South made their mark on the region, leaving a rich military history. However, it was the people of this genuinely American city whose divided loyalties forced families, schools, churches, financial stability, and literally all aspects of community to opposite sides of the deadly conflict. Civil war means that people, not just designated armies, become sworn enemies. In this close-knit small town, there was nowhere to hide from this vicious reality. The population of Knoxville suffered intensely, and the trauma of those punishing times can still be felt in its 21st-century cultural identity.
This Pivot book provides a framework for understanding the economic and potentially unequal effects of pandemics, focusing closely on the Spanish Flu. It provides an in-depth analysis of the different effects of the Spanish Flu on the economy from unequal mortality to wages, housing and output. There is a general review of the literature but an important feature of this book is that it explains results using data from Spain, an ideal country to perform this exercise, as its mortality data is not affected by the First World War. Spain was also developed enough to have reliable data, but it was very heterogeneous across regions which will allow a comparison of more and less developed regions. No other book exists that offers a comprehensive and data-driven view of the effects of the Spanish Flu, which is the closest pandemic example to Covid-19. With the outbreak of Covid-19 increasing the need to learn about the economic effects of pandemics, this book will be of interest to academics and students of economic history, macroeconomics (economic crises) and economic development, as well being accessible for the general reader.
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