首页
登录
职称英语
After the stock-market crash of October 1929 it took over three years for A
After the stock-market crash of October 1929 it took over three years for A
游客
2024-05-31
29
管理
问题
After the stock-market crash of October 1929 it took over three years for America’s government to launch a series of dramatic efforts to end the Depression, starting with Roosevelt’s declaration of a four-day bank holiday in March 1933. In-between, America saw the worst economic collapse in its history. Thousands of banks failed, a damaging deflation set in, output declined by a third and unemployment rose to 25%. The Depression brought enormous damage across the globe, but most of all on America’s economy. As a result, the boundaries between government and markets were redrawn.
During the past month, little more than a year after the financial storm first struck in August 2007, America’s government made its most dramatic interventions in financial markets since the 1930s. At the time it was not even certain that the economy was in recession and unemployment stood at 6.1%. In two unstable weeks the Federal Reserve and the Treasury between them nationalized the country’s two mortgage giants, Fannie Mae and Freddie Mac; took over AIG, the world’s largest insurance company; in effect extended government deposit insurance to $ 3.4 trillion in money-market funds; temporarily banned short-selling in over 900 mostly financial stocks; and, most dramatic of all, sworn to take up to $700 billion of bad mortgage-related assets on to its books. The Fed and the Treasury were determined to prevent the kind of banking disaster that caused the Depression. Shellshocked lawmakers were picky, but Congress and the administration eventually agreed.
The landscape of American finance has been radically changed. The independent investment bank -- a crucial Wall Street animal that relied on high leverage(杠杆作用) and wholesale funding -- is now all but disappear. Lehman Brothers has gone bust; Bear Steams and Merrill Lynch have been swallowed by commercial banks; and Goldman Sachs and Morgan Stanley ’have become commercial banks themselves. The "shadow banking system" is transforming at lightning speed. And in little more than three weeks America’s government, all told, expanded its gross liabilities(负债) by more than $1 trillion -- almost twice as much as the cost so far of the Iraq war.
Beyond that, few things are certain. In late September the turmoil spread and intensified. Money markets seized up across the globe as banks refused to lend to each other. Five European banks failed and European governments fell over themselves to support their banking systems with rescues and guarantees. As this special report went to press, it was too soon to declare the crisis contained. [br] What measures were taken by the Federal Reserve and the Treasury under present situation?
选项
A、The country’s two mortgage giants were nationalized in two weeks.
B、The short-selling in over 900 financial stocks was banned forever.
C、Government deposit insurance was extended to $700 billion.
D、About $700 billion poisonous assets related to mortgage was confiscated.
答案
A
解析
事实细节题。由定位句可知,第二段主要讲述美国政府在当前形势下采取的措施:其中第三句提到...the Federal Reserve and the Treasury between them nationalized the country’s two mortgage giants...,国内两大抵押大亨在两周之内被国有化,A 符合题意;
转载请注明原文地址:http://tihaiku.com/zcyy/3613664.html
相关试题推荐
Afterthestock-marketcrashofOctober1929ittookoverthreeyearsforA
Afterthestock-marketcrashofOctober1929ittookoverthreeyearsforA
Afterthestock-marketcrashofOctober1929ittookoverthreeyearsforA
Afterthestock-marketcrashofOctober1929ittookoverthreeyearsforA
Afterthestock-marketcrashofOctober1929ittookoverthreeyearsforA
WhatthePresidentsaidyesterdaycausedastock-market______.A、panicB、patriot
TheSpaceAge_________inOctober1957whenthefirstartificialsatellitewas
随机试题
______Iknowthemoneyissafe,Ishallnotworryaboutit.A、EventhoughB、Unles
Let’stakethingsastheyare.Itcan’tbehelped.A、事实就是这样。没法子了。B、我们把这些东西放在这儿吧。没
Whichtypeofrecordingisthetalkmostprobably?[br][originaltext]Hello
社会主义精神文明建设的基础工程是()A.思想政治教育 B.经济建设 C.社会
从事私募基金募集业务的人员应当参加( )。A.后续职业培训 B.行为规范培训
某校组织学生春游,学校领导怕出安全事故,便与学生家长签订“安全协议”,协议规定,
不列入存货的是( )。A.生产设备 B.库存商品 C.原材料 D.低值易
根据现行《药品经营质量管理规范》,药品零售企业中应当具备执业药师资格的人员是A.
债务人以定向增发股票方式抵偿债务的,为发行股票支付的发行费用应冲减营业外收入。(
在主体结构施工中,关于混凝土工程施工说法正确的是( )。A.后浇带施工浇筑与原
最新回复
(
0
)