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
2023-09-08
31
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:https://tihaiku.com/zcyy/2997398.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
Itistruethattheworldfacesproblemsofpollution,butitcan______(通过全球的努力加
Whatisthemostimportantfunctionoflanguage?A、Interpersonal.B、Informative.
Thearrestofamanforallegedlypostingapictureofaburningpoppy(Peopl
Revit提供的创建地形表面的方式有()。A.放置点 B.通过导入创建 C.
休克患者动态监测中心静脉压2.45kPa(25cmHO),表示A.肺梗死 B
下列哪种疾病不是由于营养过剩引起的( )。A.佝偻病 B.肥胖 C.糖尿病
下列各句中,加点的成语使用恰当的一项是()。A. B. C. D.
社会中心课程理论的以()为代表。
为严明纪律,树立公安队伍良好形象,公安部于2003年1月22日发布了加强公安机关
构建信用社会,提升社会文明 在今天,无论是投资置业、贷款理财,还是市场交易
最新回复
(
0
)