首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
October 24, 1929. Black Thursday. On this infamous day, the New York Stock Exchange was hit with chaos that quickly amounted to
October 24, 1929. Black Thursday. On this infamous day, the New York Stock Exchange was hit with chaos that quickly amounted to
admin
2015-02-12
47
问题
October 24, 1929. Black Thursday. On this infamous day, the New York Stock Exchange was hit with chaos that quickly amounted to a 30% decline in the value of the Dow Jones Industrial Average, a benchmark index often used as a proxy in measuring the health of the American economy. This loss marked the end of the Roaring Twenties, a period of time in which many believed that the only direction for the stock market and the entire economy was up. Soon the U.S. entered into its longest and deepest economic slump, the Great Depression, and it took 25 years for the Dow Jones Industrial Average to return to its previous high.
Few have personal memories of the 1929 crash, but the event still colors the play of cautious investors even today. In a matter of hours, thousands saw their fortunes sink,turning previous paper millionaires into destitute paupers. The illusion of easy money in the stock market for these people was shattered, replaced by a harsh reality that the fickle sentiments of the market determined the fate of their paper profits. As the value of shares in companies tumbled, so did consumer confidence, resulting in further irrational selling, causing prices to further plummet, creating a downward spiral of frenzied losses and panic.
There were a few useful outcomes, however. Before the crash, security regulations were either lacking or rarely enforced, and stock brokers regularly hyped dubious firms. In 1934, after Congressional hearings on the problems, the Securities and Exchange Commission(SEC)was established to police Wall Street behavior and protect investors from fraud. Also, after 1929 many more economists and financial experts became interested in studying techniques for properly valuing stocks and giving advice on how to avoid financial panics. Their research has added to our knowledge about the economy and is at least partially responsible for the greater stability in many markets.
In paragraph 2, "the event still colors the play of cautious investors" means that______.
选项
A、the event has been forgotten by all but the most cautious investors
B、the event has scared many people away from investing
C、the event still hurts the market today
D、the event still influences the decisions of investors today
答案
D
解析
属信息推断题。…the event still colors the play of cautious investors出现在第二段第一句,其中信号词but已经明确告诉我们后面的内容与前面相反,前文指出“对1929年经济危机有切身经历的人现在已经所剩无几”,由此可推出下文的大概意思:但即便在今天,这次危机对审慎投资者来说仍然历历在目,依然影响着他们的决策。由此可见,选项D正确。其他选项都属于理解错误,故可排除。
转载请注明原文地址:https://kaotiyun.com/show/7E74777K
0
考研英语一
相关试题推荐
TheRecessionEffectsanEmployedSmithCollege’scareerofficesentitsanxiousjob-huntingseniorsaletterlastmonthwit
EricHansenwritesabouttravelasaparticipatingenthusiastratherthanamereobserver.(46)Itgivesthesenineessays,base
KarlVonLinne(orLinnaeus,asheiswidelyknown)wasaSwedishbiologistwhodevisedthesystemofLatinisedscientificnames
TheRelationshipBetweenOurPersonalityandSiblingsForalongtime,researchershavetriedtonaildownjustwhatshapes
Whichofthefollowingstatementsbestsummarizesthemainideaofthepassage?Whichofthefollowingbestdescribesthefunct
Globally,recoveryisgoingslightlybetterthanexpected,accordingtotheIMF,whichreleaseditslatestWorldEconomicOutloo
Theword"globalization"usuallyconjuresupimagesofglobe-spanningcompaniesanddistance-destroyingtechnologies.Itsenable
Arecenttelevisioncommercialbegins【C1】______theannouncement,"Johnnywasjustbeatenupbythebiggestkid【C2】______theblo
Formyproposedjourney,thefirstprioritywasclearlytostartlearningArabic.Ihaveneverbeenalinguist.ThoughIhadtra
Thechallengesfacingbusinessschoolsandcompaniesarccloselylinked.Bothneedtobeagile,adaptquicklyandavoidbeingva
随机试题
在物品的消毒中,首选
治疗齿衄胃火炽盛证的最佳选方为()
抗心律失常药所共有的和严重的不良反应是()。
房地产经纪机构品牌战略的目标包括品牌愿景、品牌结构和()。
营运能力是指公司经营管理中利用资金运营的能力,一般通过()来衡量,主要表现为资产管理及资产利用的效率。
春兰公司2003年度盈亏临界点销售量为()件。公司实际变动成本率和实际边际贡献率分别为()。
简述总成本分析法中要分析的物流活动。
某局长刚上任,很重视搞好与同事的关系。他多方努力,说通上级,打通关系,增设了机构,多设了副职,使许多老部下、老同事得到了安排。这样一来,这个局原来只有5个处,现在扩展为10个处;原来每个处辖4个科,现在扩展为5—7个科;原来每个处(科)只设2—3个处(科)
用10张同样长的纸条,粘接成一条长61厘米的纸条,如果每个接头处都重叠1厘米,那么每条纸条长多少厘米?()
从所给四个选项中,选择最合适的一个填入问号处,使之呈现一定的规律性:
最新回复
(
0
)