The "Great Crash" in the passage refers to______.A.the end of World War 1B.the Great Depre
The "Great Crash" in the passage refers to______.
A.the end of World War 1
B.the Great Depression
C.high unemployment figures
D.a slump in the stock market
The "Great Crash" in the passage refers to______.
A.the end of World War 1
B.the Great Depression
C.high unemployment figures
D.a slump in the stock market
The best title for the passage is ______.
A.The Twenties
B.The Great Crash
C.The Depression
D.The End of World War I
The "Great Crash" in the passage refers to ______.
A.the end of World War Ⅰ
B.the Great Depression
C.high employment figures
D.a slump in the stock market
The best title for the passage is______
A.The Twenties
B.The Great Crash
C.The Depression
D.The End of World War Ⅰ
A.The Great Depression started with the crash of the New York stock market.
B.More than 9000 banks closed down.
C.It took a short time for the New York Stock to recover.
D.Many people became homeless because of the Great Depression.
A、Stock market crash
B、Dust bowl
C、Prohibition
D、New Deal
Why popular wisdom about the crash is somewhat misleading?
A.The nation was obsessed with every little change on the stock market.
B.The crash plunged the nation into the Great Depression.
C.The economy was in depression long before the crash.
We can infer that the author of this passage ______.
A.disapproves of Rooseveh's "New Deal"
B.thinks the Depression could have been avoided
C.blames the Depression on the "Great Crash"
D.feels there was some similarity between Roosevelt and Hider
We can infer that the author of this passage ______.
A.disapproves of Roosevelt's "New Deal"
B.thinks the Depression could have been avoided
C.blames the Depression on the "Great Crash"
D.feels there was some similarity between Roosevelt and Hitler
Steven Butler: Tonight, the stock market crash of 1929. The famous words, the Crash 1929. Overnight, it was like bombs fell. It is often identified as one of the most significant events of the 20th century, the day the stock market lost 30 billion dollars' paper value in a few hours and, as popular wisdom has always told us, plunged the nation into the Great Depression. But popular wisdom about the crash is somewhat misleading, the economy was in depression long before the bottom dropped out of the market. The crash wasn't the only signal that something was terribly wrong; it was simply the loudest.
An economist: Beneath the surface (erm) there were people who were not worrying in the 20s, the whole frame. of economy was essentially in depression throughout the 20s.
Steven Butler: To better understand what forced the economy into such a dark period and the crash's role in that, a few things about the times. It was the first decade in which more people lived in cities than in the countryside, the decade of the automobile, and the radio, and tabloid, and jazz. It was a decade of rampant speculation. It seems that almost everybody was on the stock. And all of these are dependent on mass consumption.
An economist: The mass sale of automobiles, in addition, you have radio and household appliances. These, in order to keep the economy going, had to be sold to the masses of people.
Steven Butler: Which meant breaking down the traditional American value of saving for a rainy day. Advertising came of age in the 1920s. People were persuaded to abandon their frugal ways and spend money now. And while there were modest increases in the income for the middle classes in 1920s, they were not enough. The economy was booming, but the rich were keeping most of the profits. It means that the buying power was not defused throughout the economy. At a time when unions were either rare or weak, management's hold on wages went unchanged. For a time the flaw in the economy was hidden.
An economist: The stopgap that was discovered was, "I can buy it on credit." The very word "credit" starts to be used in the 1920s in a way that's almost opposite to what it really means; it means debt.
Steven Butler: And the debt mounted and mounted to where it became increasingly impossible to keep up spending. Industry was overproducing, profits were shrinking, the national mood changed. By October 29, 1929, millions of investors started to panic. The stock market went into a free fall. What followed was a period of sustained misery. In the end, the Great Depression lasted another ten years and when America emerged it was a very different place. The growth of organized labor had helped to spread the prosperity more evenly and the commitment of a balanced consumer-driven economy was now complete. But for those who remember the worst trading day in history, the crash of 1929 continues to cast a shadow across the rest of the 20th century.
?You will hear a news report in which the anchor will introduce you to a reporter who will look back at the stock market crash of 1929.
?For each question 28--30, mark one letter (A, B or C) for the correct answer.
?You will hear the recording twice.
From the recording we can learn that the crash of 1929 happened on a ______.
A.Monday
B.Tuesday
C.Thursday
Cash is more susceptible to theft than any other asset. Furthermore, a large portion of the total transasctions of a business involves the reccip or disbursement of cash. For both these reasons, intermal control over cash is of great importance to management and also to the cemployees of a busines An Adequate system of intermal control over cash would include the following features:
(1)Cash is handled separately form. the recording of crash transactions. Employees who handle cash should not have access to the accounting records except for cash journal and hank deposit journal, and accounting personnel should not have access to crash.
(2) Prepare for cach department within the organization a cash budget of planned cash receipts cash payments, and cash balance, scheduled month-by-month for the coming year.
(3) All cash rceipts are deposited intact in the bank each day.
(4) Make all the payment by check The only conception should be for small payment to be made in cash from a petty cash fund.
(5) Promptly reconcile bank statements with the accounting records.
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