Posted: May 2nd, 2023

Cause and Effect Toulmin Argument Assignment Instructions

Cause and Effect Toulmin Argument Assignment Instructions

Overview

In Module 7, you will write a cause and effect Toulmin argument summary. from the Cause and Effect Toulmin Argument thesis. In this final summary in the course, you will synthesize the skills you have learned to form a strong argument and incorporate them into the Toulmin model cause and effect summary. This assignment will allow you to demonstrate how you have developed in your documentation style usage and critical thinking skills. This final assignment in the course can be an indicator of what you have learned and areas in which you may still need to grow as you work to complete your academic requirements and reach your professional goals.

Instructions

Use the Toulmin model of argument in which you address the questioning in the prompt. All sources that you use must be credible academic sources and they have to be within the last five years. You may include biblical support, but your biblical support does not count in the required citations.

• Prompt: What is the impact of Covid-19 on the American economy?

• Document your sources correctly according to your documentation style (Current APA, MLA, or Turabian).

• Integrate at least 4 quotations, 1 summary, and 1 paraphrase (6 total) into your summary from at least 3 credible sources to support your thesis statement and provide opposing arguments. Articles must be within the last five years. include scholarly references at the end, APA, 2017-23

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The COVID-19 pandemic has caused a significant impact on the American economy. The crisis has led to the closure of businesses, job losses, and a decline in economic activities. The purpose of this paper is to analyze the effects of COVID-19 on the American economy and the measures that can be taken to mitigate the impact of the pandemic.

Claim:

The COVID-19 pandemic has had a severe impact on the American economy, leading to a decline in economic activities, job losses, and closure of businesses.

Grounds:

According to a report by the International Monetary Fund (IMF), the COVID-19 pandemic has caused a significant decline in the American economy, leading to the worst recession since the Great Depression. The report further indicates that the pandemic has resulted in the loss of over 10 million jobs in the United States. (IMF, 2020).

Furthermore, a study conducted by the Brookings Institution shows that the pandemic has had a disproportionate impact on low-income workers and minority groups, leading to a rise in poverty levels. The study notes that the pandemic has exacerbated income inequality in the United States (Shambaugh et al., 2020).

Warrants:

The decline in economic activities and the loss of jobs has led to a decline in consumer spending and investment. This, in turn, has led to a decline in economic growth, making it difficult for businesses to operate and stay afloat. The closure of businesses has led to a decline in tax revenue, making it difficult for the government to finance its operations and provide essential services.

Backing:

The United States government has taken various measures to mitigate the impact of the pandemic on the American economy. These measures include the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided economic stimulus payments to Americans, expanded unemployment benefits, and provided loans to small businesses (Klein, 2020).

Qualifiers:

Although the government has taken measures to mitigate the impact of the pandemic on the American economy, more needs to be done to ensure a full economic recovery. The government needs to increase its investments in infrastructure, education, and healthcare to create more jobs and stimulate economic growth. The private sector also needs to play a role in providing economic opportunities and investing in innovation and research.

Rebuttals:

Some argue that the pandemic has had a minimal impact on the American economy, citing the rebound in the stock market as evidence of economic recovery. However, this argument overlooks the fact that the stock market is not a true indicator of economic health, as it primarily benefits the wealthy.

Counterarguments:

Others argue that the government should prioritize public health over the economy, even if it means taking more stringent measures such as lockdowns and social distancing guidelines. While public health is of utmost importance, the government must also consider the economic impact of these measures and take steps to mitigate the effects on businesses and workers.

Conclusion:

The COVID-19 pandemic has had a severe impact on the American economy, leading to a decline in economic activities, job losses, and closure of businesses. While the government has taken measures to mitigate the impact of the pandemic, more needs to be done to ensure a full economic recovery. The private sector also needs to play a role in providing economic opportunities and investing in innovation and research.

References:

IMF. (2020). World Economic Outlook, October 2020: A Long and Difficult Ascent. International Monetary Fund.

Shambaugh, J. C., Nunn, R., & Schwabish, J. A. (2020). The coronavirus will exacerbate inequality—unless we act. Brookings Institution.

Klein, E. (2020). The coronavirus stimulus package: What’s in it. The Washington Post.

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