首页
登录
职称英语
Tulips were introduced into Holland before the 17th century but it did not t
Tulips were introduced into Holland before the 17th century but it did not t
游客
2023-09-04
42
管理
问题
Tulips were introduced into Holland before the 17th century but it did not take long for the flowers to gain popularity among the upper classes. Flowers of such beauty and rarity soon became symbols of power and prestige and the rich tried their utmost to lay their hands on some to display in their gardens.
By 1634, the whole country was so fascinated by tulips that all other activities almost came to a stop. People were trading in tulips and even buying and selling unsprouted flowers. It was similar to the futures market today, where traders are buying and selling crude oil or cotton which they will never see. As the tulip trades increased, regular markets were set up on the Stock Exchange of Amsterdam and other towns. That happened in the year 1636 when the craze was reaching its peak.
The bubble finally burst in 1637. For some unknown reasons maybe a group of people suddenly realized the madness tulips failed to command the usual inflated prices in a gathering. Word spread and the market crashed. As in all asset bubbles, it took time to propel prices to such extraordinary levels, but it only took a single pierce to burst the bubble. When confidence was destroyed, it could not be recovered and prices kept falling until they were one-tenth of those set during the peak. Soon the nobles became poor and the rich became paupers (贫民). Cries of distress resounded everywhere in Holland.
Why do investment professionals like to bring up this story that happened centuries ago? This is because greed is part of human nature and short memory is an investor trait, we just never seem to learn from past mistakes. Recently, many have pointed to the American investors’ madness over Internet stocks as another "tulip craze". Whether these are really "Internet tulips" remain to be seen. However there are tell-tale signs that the buying is overdone.
There is no denial that the Internet is an important development in this century, but it is madness when every Internet stock jumps in multiples and every company that announces conducting their business over the net witnesses their stock prices going up. Not to mention that some of these Internet stocks are trading at hundreds times PE (本益比) and some will not report any profit for the next few years! [br] When the market crashed, the prices of tulips fell by______ percent of the highest prices.
选项
答案
ninety/90
解析
原文该句表明市场崩盘后,郁金香的价格下降到只有原来的10%,也就是说,下降了90%,因此答案为90。
转载请注明原文地址:https://tihaiku.com/zcyy/2984245.html
相关试题推荐
Whatdoesthepassagemainlytellus?[br]BeforeRachelSasserreluctantlydate
AscivilwarseruptedthroughouttheRomanRepublicinthe1stcenturyB.C.,
AscivilwarseruptedthroughouttheRomanRepublicinthe1stcenturyB.C.,
[originaltext]Milkwasabasicfoodofmanlongbeforehistorywaswritten.
[originaltext]Milkwasabasicfoodofmanlongbeforehistorywaswritten.
Beforeyoutakeanyaction,pleaserememberto____________(权衡你的决定会产生的后果).weigh
Intheearly20thcentury,fewthingsweremoreappealingthanthepromiseo
Intheearly20thcentury,fewthingsweremoreappealingthanthepromiseo
Imusthave______fortenminutesbeforethetelephoneoperatorputmethrough.
TheWesterncustomofexchangingloveonValentine’sDayhasbeenintroducedint
随机试题
ThisiscensusyearinAmerica,andalthoughwehesitatetopre-empttheres
消防水泵房内的消防水泵重量大于()t时应设置电动起重设备。A.0.5 B.1
女性,32岁。因支气管扩张行左下肺叶切除术,术后半年再次出现反复咯血。在分析其复
关于企业价值的特点,下述说法错误的是( )。A.企业价值是一个整体的概念 B
如图所示,单摆由无重刚杆OA和质量为m的小球A构成,小球上连有两个刚度为k的水平
至2019学年末,N市共有普通高等学校64所,普通中等学校929所,普通小学69
“医乃仁术”指医学道德是A.医学的本质特征 B.医学活动中的一般现象 C.医
银行承兑汇票的承兑银行,应当按照票面金额向出票人收取()的手续费。A:千分之一
关于砌体结构施工的做法,错误的是( )。A.施工现场砌块堆放整齐,堆放高度1.
项目实施阶段策划的工作内容中,项目实施的经济策划包括()。A.项目效益分析 B
最新回复
(
0
)