时间:2019-01-02 作者:英语课 分类:健康与经济


英语课

ECONOMICS 1 REPORT - 75th Anniversary of the 'Great Crash'
By Jerilyn Watson


Broadcast: Friday, October 29, 2004


This is Gwen Outen with the VOA Special English Economics Report.


 
Graphic 2 Image
Seventy-five years ago this week, an event shook the world: the Great Crash of nineteen twenty-nine.


It began October twenty-fourth, nineteen twenty-nine. Fear seized the New York Stock Exchange. Investors 3 wanted to sell their shares before the stock lost value. Over the next five days, millions of shares flooded the market. Many investors lost all their money.


During the nineteen twenties, many Americans had invested in the stock market. Many got rich. In nineteen twenty-eight, Herbert Hoover was elected president. He said the future was bright with hope.


People were being advised to buy stock before prices climbed even higher. Common sense was in short supply. Stock market rules let investors buy shares even if they did not have enough money. That is still true today, but there are stronger controls.


During the summer of nineteen twenty-nine, some economists 4 warned that there was no real value behind the high prices. President Hoover urged stock market officials to make trading safer and more honest. But he did not think the government should interfere 5 in the market.


When the drop in stock prices finally came, it was slow at first. It picked up speed as investors sold more and more shares. Several bankers bought stocks in an effort to prevent a crash.


But the intense activity continued. October twenty-ninth is remembered as Black Tuesday. That day alone, stocks lost a tenth of their value.


The crash caused a lot of people to lose their jobs, their farms and their homes. Many banks and businesses failed. The crash led to a worldwide depression.


In nineteen thirty-two, Americans elected a new president, Franklin Roosevelt. He increased federal control over banks and the stock market. But the Great Depression did not end in America until nineteen forty-two, during the Second World War.


The stock market has had other bad days in the last seventy-five years. October nineteenth, nineteen eighty-seven, is called Black Monday. American stocks lost twenty-three percent of their value, their biggest percentage loss in a single day.


In less than two years, however, those stocks had regained 6 all the value they lost. And economists like Lee Kjelleren [SHELL-er-en] at the Museum of American Financial History in New York say good quality stocks are still the best investment.


This VOA Special English Economics Report was written by Jerilyn Watson. This is Gwen Outen.



n.经济学,经济情况
  • He is studying economics,which subject is very important.他正在学习经济学,该学科是很重要的。
  • One can't separate politics from economics.不能把政治与经济割裂开来。
adj.生动的,形象的,绘画的,文字的,图表的
  • The book gave a graphic description of the war.这本书生动地描述了战争的情况。
  • Distinguish important text items in lists with graphic icons.用图标来区分重要的文本项。
n.投资者,出资者( investor的名词复数 )
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
n.经济学家,经济专家( economist的名词复数 )
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
v.(in)干涉,干预;(with)妨碍,打扰
  • If we interfere, it may do more harm than good.如果我们干预的话,可能弊多利少。
  • When others interfere in the affair,it always makes troubles. 别人一卷入这一事件,棘手的事情就来了。
复得( regain的过去式和过去分词 ); 赢回; 重回; 复至某地
  • The majority of the people in the world have regained their liberty. 世界上大多数人已重获自由。
  • She hesitated briefly but quickly regained her poise. 她犹豫片刻,但很快恢复了镇静。
学英语单词
15-hydroxyprostaglandin dehydrogenase
A. O. A.
abrasive grain
acidology
adphen
alpha-oestradiol
angakok
annual inflation rate
articularly
bacillus cloacae jordan b.zeae (burril) comes
bestestestest
bill collection
bipoiar taxis
black edging
blimming
bocas
buxuss
C. of C.
Caistor
Camellia acuticalyx
cann't
cantilever beam impact tester
cathode drop
cheq.
contredances
Corydalis trifoliata
cotton blushing
cotton tie
crosshead-pin
designator storage word
destruens mole
dispersed record
domain name system poisoning
driveabilities
drowned in
ellipsoid resonator
engine piston
esthiomenous
eulogious
experimental safety vehicle
folk-memories
g-sharp
gage location
gangliolytic
generate income
Grace City
gram force
groundwater
guide strip
highest-profile
hong kong identity card
hybrid transformer array
ice shove
imidie acid
initial mark up
innocenter
joyeusity
leconotide
limited information instrumental variables
line scanning waveform distortion
log charging
main products
make-up oil
mean-value theorem
microcide
modcom
module interconnection language
multichine
multinomial trials
net outflow of fund
one-dimensional structure
operating reports
ovc
parallel work flow
pelvicephalograph
placental
racewear
recontextualizing
regenerative detection
rehearing
reticulated tortrix
ribbon grass
robshaw
rotatory drier
sea notch
second c/d
self dual circuit
shearing wave
slow-down ions
sodium bromoiridite
spend ... on
support screw cap
sympathisers
Sysmä
teletels
ultraintuitionists
unitarded
upstream monopoist
uralloy
uranium(iii) sulfide
vertebrate palaeontology
yudofsky