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
93
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.
The long-term useful outcomes of the crash include______.
选项
A、increased consumer confidence in the marketplace
B、improved measures to protect investors from fraud
C、clearer knowledge of the future of the market
D、improvement in the management of global businesses
答案
B
解析
属事实细节题。题目中的关键词useful outcomes出现在最后一段第一句:然而,这一次的经济危机也有其积极的影响,后面的句子对比了1929年前后的变化,尤其第三、四句给出了具体的积极影响:……建立起证券交易委员会来监督华尔街的商业运作行为,防止投资商上当受骗。……更多的经济学家和金融专家热衷于研究恰当估算股票价值的技巧、提供如何避免金融恐慌的建议。他们的研究工作增长了我们的经济知识,并且为很多股市更加稳定的局面做出了一定的贡献。由此可知,选项B正确。
转载请注明原文地址:https://kaotiyun.com/show/KE74777K
0
考研英语一
相关试题推荐
OntheNettheShapeConditionofVirtualSchoolTennishopefulJamieHunt,16,felthecouldnotbecomeaworld-classjunio
Soonafterhisappointmentassecretary-generaloftheUnitedNationsin1997,KofiAnnanlamentedthathewasbeingaccusedof
DogandHumanHealthPeoplewholettheirdogssleepwiththemorallowthemtolicktheirfacesarenomorelikelythanoth
DogandHumanHealthPeoplewholettheirdogssleepwiththemorallowthemtolicktheirfacesarenomorelikelythanoth
MarketingPlanOneofthemostpowerfulstrategicplann-ingtoolsabusinesscanpossessisamarketingplan.Hereisnotre
JohnMidgleywasNOTfondof______.HeworkedinallthefollowingplacesatonetimeoranotherEXCEPT______.
Somecriticsarequestioningthevalueofthejurysystemprobablybecause______.Theauthor’sattitudetowardsthejurysystem
TheauthorbeginshisarticlewithGeorgeBushesfather’swords______.Theadvocatesofrealistinternationalrelationstendt
Arecenttelevisioncommercialbegins【C1】______theannouncement,"Johnnywasjustbeatenupbythebiggestkid【C2】______theblo
Economics,asweknowit,isthesocialscienceconcernedwiththeproduction,distribution,exchange,andconsumptionofgoods
随机试题
可燃物品较少、火灾放热速率较低、外部增援和人员疏散较容易的场所设置自动喷水灭火系统时火灾危险等级为()。
手工钨极氩弧焊电流种类和极性为_____。
PlantingaGardenPlantingagardenisalotlikehavingafamily.Bothrequireagreatdealofwork,【B1】________astheyg
A、sessionB、essayC、assistD、messageA
轻度甲亢重度甲亢
下述哪项能否定完全性葡萄胎的诊断
在项目的经济分析中,属于转移支付的有()。
我国的社会主义改革是一场新的革命,其性质是()。
阅读下面的短文。回答:①我们这些总有一死的人的命运是多么奇特呀!我们每个人在这个世界上都只做一个短暂的逗留,目的何在,却无所知,尽管有的自以为对此若有所感。但是不必深思,只要从日常生活就可以明白:人是为别人而生存的——首先是那样一些人.他们的喜悦和健
Whatisthemostfundamentaldifferencebetweenplantsandanimals?
最新回复
(
0
)