美国经济英文版

The Most Powerful Economics Nation ——The United StatesThe United States is a young capitalistic country. At the beginning, it was a small agricultural country which was consisted of a 3 million population and an only 89 million square kilometers country area. Nowadays, the United States has more than 9.37 million square kilometers of land and over 250 million of population. Its national GDP exceeded 10 trillion, is about 28.6% of the world's total GDP in 2004. The United States has revealed its superpower since the medium-term of nineteenth century. A British scholar said, throughout the ages, has no one been such a powerful country like the United States. Therefore, it is interesting to analyze how the United States becomes the most powerful economics nation in the world. In this analysis, I will explain the reasons one by one.1. Good natural condition and various geography environmentsThe United States has a vast land and rich mineral resources. Approximately 90% of its land can be farming. In addition, the Great Lakes contain about half of fresh water in the world that can be offered to the United States. Engels said that, “The United States has the massive resources and the excellent conditions which any European country does not have”. What’s more,the United States occupies the good geographical position. North with Canada, south with Mexican, two weaker countries is neighboring with it. It is separated by two oceans, Atlantic and Pacific. Hence, the United States did not losing anything in the two world wars and it took advantage of the opportunity to amass wealth in the wars on the contrary.2. Innovation and development of national spiritThe United States has always been known as the multi-ethnic country. Currently, the citizens of the United States come from as many as 156 countries and regions. Due to historical reasons, the Americans form their particular features, which are self-improvement, hard-working, and have spiritual and scientific truth-seeking attitude. They contemn the feudal tradition and have a strong desire of the spirit of innovation and autonomy. Engels pointed out, "The United States starts from the democratic republic of the country without traditions except for religious traditions. It is a nation with more energetic than an y other nations.” “V olatility is our life”, Americans often say this. Their constant changes help to break the stagnation and rigidity.3. The bourgeois constitution——"Federal Constitution"Constitution is the fundamental law of the country for running and bringing peace. The stability of the constitution is the essential attribute of law. The constitution-making process and the characteristics of authority and relative stability both play an important role in the development of the United States. Constitution evolved with the evolution of times. The separation of powers keeps executive, legislative and judicial balances, which is considered to be proud of America's founding fathers. Constitution clearly stipulates that the executive, legislative and judicial are independent of each other. They are in charge of part of the power, but no one can exercise their power away from the others. The separation and balance of powers is an important part in maintaining the bourgeois state system stably in the United States. The achievement in itself changes the America's position in the world.4. T wo times revolutions and reforms of the economyIn 1775, War of Independence of the United States overthrew the ruling of British colony. It was the first great liberation of the productivity in America. Civil war abolished slavery during the period from 1861 to 1865, so that the productivity was liberated for the second time. The industrial revolution was completed in the 19th century. In this sense, social movements and reforms constitute a major force to the development of the United States, which also reflects the American society’s self-regulation on the maintenance and development of the capitalism.5. Attaching importance to the person with economy, education or technology talentAs a purely capitalistic country, the United States has a strong desire to understand the fundamental economy for the proliferation expansion and strengthening of capitalism. With the disintegration of the bipolar pattern in 1991, an American scholar used “the sources of strength of the United States” stressed the fundamental economy again.Agriculture is the foundation of economy in the United States. Over the past 200 years, the agriculture has taken a great change remarkably. In the 18th century, over 95% of the population worked in agriculture during the War of Independence. Today, less than 2% people are engaged in agriculture. But one third of the arable agricultural products are used for export in United States.The United States has an emphasis on education. Especially it has the world's largest higher education system which gives it the core of competitiveness in the information age. And in generally its higher education has reached the top level in the world. What’s more, the United States encourages people learning science and invention with award. It also encourages the development of practical knowledge and recruits creative talent from all over the world. So the United States becomes the most powerful country of technology. It is closely related to the immigrants from other countries. In this way the United States not only absorb their cultural, technological and other processes, but also gained a lot of excellent scientists and technical personnel. During the World War II, the third technological revolution was born in the United States. At the same time, It put a larger number of investments in science and technology than other countries. So in 1990s, the United States caught up with other developed capitalistic countries and stepped into the knowledge economic society firstly.These are the reasons why the United States is the most powerful economics nation in the world, and how it took the lead into the knowledge economic society in 1990s. Innovation, education and science, they are well known as three foundations when the United States founded its own nation. So if China wants to be stronger, it can learn from the United States. And in quite a long period of time, the United States will still remain the most powerful economics nation in the world.。

美国经济的英文作文英文：The U.S. economy is a complex and dynamic system that is influenced by a variety of factors. One of the key drivers of the U.S. economy is consumer spending. When consumers are confident about the state of the economy, they are more likely to spend money on goods and services, which in turn drives economic growth. For example, during the holiday season, many Americans go on shopping sprees, which boosts retail sales and stimulates the economy.Another important factor in the U.S. economy is government spending. The government plays a significantrole in providing public goods and services, such as infrastructure, education, and defense. When the government invests in these areas, it creates jobs and stimulates economic activity. For instance, the construction of new roads and bridges not only improves transportation but also creates employment opportunities for workers in theconstruction industry.Additionally, the U.S. economy is heavily influenced by the performance of the stock market. When stock prices are rising, it creates a wealth effect, leading to increased consumer spending. Conversely, a decline in stock pricescan have a negative impact on consumer confidence and spending. For instance, when the stock market crashed in 2008, it led to a significant decrease in consumer spending, which contributed to the economic recession.Moreover, global events and international trade also play a crucial role in shaping the U.S. economy. The U.S.is a major player in the global economy, and events such as trade agreements, tariffs, and geopolitical tensions can have a significant impact on the U.S. economy. For example, the imposition of tariffs on imported goods can lead to higher prices for consumers and disrupt supply chains for U.S. businesses.In conclusion, the U.S. economy is a multifacetedsystem that is influenced by consumer spending, governmentinvestment, stock market performance, and global events. These factors interact in complex ways to shape the overall economic landscape.中文：美国经济是一个复杂而动态的系统，受到各种因素的影响。

Economy of the United StatesPresemt EconomyThe United States of America is the world's largest national economy. The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. The US has abundant natural resources, a well-developed infrastructure, and high productivity. The U.S. is the world's largest producer of oil and natural gas. It is the second-largest trading nation in the world as well as the world's second largest manufacturer, representing a fifth of the global manufacturing output. The United States has one of the world's largest and most influential financial markets. The New York Stock Exchange is by far the world's largest stock exchange by market capitalization. The United States has the largest consumer market in the world, with a household final consumption expenditure five times larger than Japan's. The labor market has attracted immigrants from all over the world and its net migration rate is among the highest in the world. The U.S. is one of the top-performing economies in studies such as the Ease of Doing Business Index, the Global Competitiveness Report, and others. The US economy is currently embroiled in the economic downturn which followed the financial crisis of 2007–08, with output still below potential according to the Congressional Budget Office.The Development of American EconomyColonial eraThe economic history of the United States has its roots in European settlements in the 16th, 17th, and 18th centuries. The American colonies went from marginally successful colonial economies to a small, independent farming economy, which in 1776 became the United States of America. In 180 years, the US grew to a huge, integrated, industrialized economy that made up around one fifth of the world economy. As a result, the US GDP per capita converged on and eventually surpassed that of the U.K., as well as other nations that it previously trailed economically. The economy maintained high wages, attracting immigrants by the millions from all over the world.1800sIn the 19th century, recessions frequently coincided with financial crises.1900sThe United States has been the world's largest national economy since at least the 1920s.From the New Deal era that began in 1933, to the Great Society initiatives of the 1960s, national policy makers relied principally on fiscal policy to influence theeconomy. The economy since 1973, however, has been characterized by both slower growth (averaging 2.7%), and nearly stagnant living standards, with household incomes increasing by 10%, or only 0.3% annually. The worst recession in recent decades, in terms of lost output, occurred during the financial crisis of 2007–08, when GDP fell by 5.0% from the spring of 2008 to the spring of 2009. In the 1970s and 1980s, it was popular in the U.S. to believe that Japan's economy would surpass that of the U.S., but this did not happen. The North American Free Trade Agreement, or NAFTA, created one of the largest trade blocs in the world in 1994.2000sThe United States economy experienced a crisis in 2008 led by a derivatives market and subprime mortgage crisis, and a declining dollar value.Business cultureA central feature of the U.S. economy is the economic freedom afforded to the private sector by allowing the private sector to make the majority of economic decisions in determining the direction and scale of what the U.S. economy produces. This is enhanced by relatively low levels of regulation and government involvement,as well as a court system that generally protects property rights and enforces contracts.From its emergence as an independent nation, the United States has encouraged science and innovation. As a result, the United States has been the birthplace of 161 of Britannica's 321 Great Inventions, including items such as the airplane, internet, microchip, laser, cellphone, refrigerator, email, microwave, personal computer, LCD and LED technology, air conditioning, assembly line, supermarket, bar code, electric motor, ATM, and many more.参考资料：可可英语，谷歌，维基百科。

美国经济大萧条全英文The Great Depression in the United StatesThe Great Depression was one of the most severe economic downturns in the history of the United States, leaving a profound and lasting impact on the nation and its people It began in 1929 and lasted for over a decade, causing widespread unemployment, poverty, and social unrestThe stock market crash of 1929 was the trigger that set off the Great Depression On October 24, 1929, known as ＂Black Thursday,＂ stock prices plummeted, and panic selling ensued This event marked the beginning of a financial crisis that spread throughout the economy The excessive speculation and overvaluation of stocks in the preceding years had created an unstable economic bubble that burst with devastating consequences The effects of the Great Depression were felt in every aspect of American life Unemployment rates soared to unprecedented levels, with millions of people losing their jobs Factories closed, businesses failed, and banks collapsed Many families lost their savings and homes as foreclosures became common The agricultural sector was also severely affected, with falling crop prices and farm foreclosuresThe economic hardships led to a significant decline in consumer spending People had less money to buy goods and services, which further exacerbated the economic downturn Businesses struggled to stay afloat, and many were forced to cut production and lay off workers This vicious cycleof reduced spending and increased unemployment created a deep and prolonged recessionOne of the most significant social consequences of the Great Depression was the increase in poverty and homelessness Families struggled to put food on the table, and soup kitchens and breadlines became a common sightMany people were forced to live in shantytowns, known as ＂Hoovervilles,＂named after President Herbert Hoover, who was widely criticized for his perceived inadequate response to the crisisThe Great Depression also had a profound impact on the mental healthof the population The stress and uncertainty of unemployment, poverty, and financial hardship took a toll on people's emotional wellbeing Suicide rates increased, and families were often torn apart by the strain of economic deprivationThe government's response to the Great Depression was initially limited and ineffective President Hoover's policies focused on voluntary measures and relied on the private sector to solve the economic problems However, these approaches proved insufficient, and it was not until the election of Franklin D Roosevelt in 1933 that more aggressive and interventionist policies were implementedRoosevelt's New Deal programs aimed to provide relief, recovery, and reform Relief measures included direct assistance to the unemployed and those in need through programs such as the Civilian Conservation Corps and the Works Progress Administration Recovery efforts focused on stimulating economic growth through public works projects and financial reforms Thereform component aimed to prevent a similar economic crisis in the future by regulating the financial sector and establishing social safety netsThe New Deal had a significant impact on the course of the Great Depression It provided jobs and income to millions of Americans, helped stabilize the economy, and restored public confidence However, it was not until the onset of World War II that the United States fully emerged from the economic slump The war created a massive demand for goods and services, leading to full employment and a revitalization of the industrial sectorThe Great Depression taught valuable lessons about the importance of economic regulation, the role of government in times of crisis, and the need for a social safety net It also led to significant changes in economic and social policies that have shaped the United States to this dayIn conclusion, the Great Depression was a defining period in American history It brought about immense suffering and hardship but also spurred important reforms and changes that have had a lasting impact on the nation's economic and social fabric Understanding this period is crucial for appreciating the challenges and opportunities that arise in times of economic uncertainty and for shaping effective policies to prevent and mitigate future crises。

美国经济大萧条英文The Great Depression: A Dark Period in American Economic HistoryIntroduction:The Great Depression was one of the most devastating economic crises in American history. It occurred during the 1930s and had a profound impact on the lives of millions of Americans. This article will explore the causes, consequences, and the government's response to the Great Depression.Causes of the Great Depression:1. Stock Market Crash: The stock market crash of 1929 is often cited as the trigger for the Great Depression. On October 29, 1929, known as Black Tuesday, stock prices plummeted, leading to a collapse in confidence among investors. This event marked the beginning of the economic downturn.2. Overproduction and Underconsumption: The 1920s saw an era of excess, with rapid industrialization and mass production of goods. However, many ordinary Americans did not have the purchasing power to keep up with the pace, resulting in a surplus of goods and a decline in demand.3. Credit Expansion and Speculation: During the 1920s, there was a rapid expansion of credit, enabling people to borrow more money. This encouraged speculation, particularly in the stock market and real estate. When the market crashed, many people were left with substantial debts and no means to repay them.Consequences of the Great Depression:1. Massive Unemployment: As businesses went bankrupt and factories shut down, millions of Americans lost their jobs. Unemployment rates skyrocketed, reaching nearly 25% at the height of the depression. Many families faced severe poverty and struggled to provide for their basic needs.2. Bank Failures: The economic downturn took a toll on the banking sector as well. Lack of confidence led to a wave of bank runs, where panicked customers withdrew their deposits. Consequently, many banks failed, wiping out the savings of countless individuals and exacerbating the economic crisis.3. Dust Bowl: The Great Depression coincided with a severe drought in the Midwest known as the Dust Bowl. Widespread soil erosion and dust storms destroyed crops and caused mass migration from rural farming areas to cities, adding to the already high levels of unemployment and poverty.Government Response:1. New Deal: In response to the Great Depression, President Franklin D. Roosevelt implemented the New Deal, a series of economic stimulus programs. It aimed to create jobs, provide relief to the poor, and reform the financial system. Programs such as the Works Progress Administration (WPA) and Social Security Administration (SSA) were established under the New Deal.2. Bank and Financial Reforms: The government implemented measures to stabilize the financial sector and restore public confidence. The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation (FDIC), which insured bank deposits and prevented future bank runs.3. Regulation and Expansion of Government Power: The Great Depression prompted a significant expansion of government intervention in the economy. The Securities and Exchange Commission (SEC) was established to regulate the stock market, and the Federal Reserve was given greater authority to manage monetary policy to prevent future economic crises.Conclusion:The Great Depression was a period of immense hardship and suffering for the American people. It resulted from a combination of factors, including the stock market crash, overproduction, and excessive credit expansion. The consequences of the Great Depression were far-reaching, leading to high unemployment rates, bank failures, and mass poverty. However, it also sparked significant government intervention and the implementation of programs that aimed to alleviate economic distress. The lessons learned from this dark period in American economic history continue to shape economic policies today.。

As we know, the strongest economic country is America .Since we learned from the class we must have known more about it .Over the 200 years, from 1776 up to now, the country has advanced a lot and become the most eye-catching nation. To some extent, the United States is leading the times .Not even me, I think the majority of us, wa nt to ask the same question “Why does the development of American economy go so leaps and bounds ?what advantages factors help them? And what we should do to develop our economy c an catch up with them?” America’s rise has provided us with a lot of meaningful experience. We should learn from it and promote our own country.Of course, there are many other measures that contribute to the rise of America .Then I will explain the reasons in the following parts1. Industrial revolution.It’s no doubt that the developments of American economy are begin with industrial revolution. Science and technology are the first productivity and of great importance to the development of society. With out exception, America’s development largely depends on science and technology. The industrial revolutions were so important to it.There are five develop stage of industrial revolution.First development was the introduction of the factory system ,which gathered many workers together in one workplace and produced goods for distribution over a wide area .The first factory in the United States is generally dated to 1793. It was a cotton textile mill in Pawtucket, Rhode Island, that combined carding, roving and spinning operation. An English man named Samuel Slater came to American to build a cotton cloth factory. He built the machinery from memory, because it was a crime to carry factory plant out of England. The success of Slater’s factory started a process of change that turned the northeastern region of the United States into an important manufacturing center. The making of textiles also meant increased demand for cotton, grown in the southern region of the United States. As a result, the nation became a major cotton producer.Second development was the “American system” of mass production which originated in the firearms industry about 1800. The new system required precision engineering to create that were interchangeable. This, in turn, allowed the final product to be assembled in stages, each worker specializing in a specific operation. The cotton gin -----that rapidly removed the seeds from the bolls of the cotton. The “moving assembly line” made possible a major saving in labor costs by improving efficiency. During the first half of the 20th century, mass production of consumer goods such as cars, refrigerators and kitchen ranges.Third development was the application of new technologies to industrial tasks. Large water wheels and water turbines drove the machinery of early factories. As the steam engine was perfected, it provided an alternative source of energy, first for mobile operations such as powering steamboats and locomotives, then for factories. The textile industry, the dominant American industry for many decades, completed the switch to steam power after 1860.The economic activity increased as a result of new inventions. Such as sewing machines, the telegraph, railroads, food-processing plant, the telephone, the perfection of the electric light bulb, the phonograph, the camera, moving picture and many others devices.The fourth development was the emergency of new forms of business organization, notably the bank and the cooperation, which facilitated the growth of industry. The first American commercial bank appeared in the 1780s and more banks soon followed. For many years, the only paper money consisted of “bank notes” that represented a particular bank’s promise to pay. Banking policy was highly controversial and early attempts to establish a national or central bank wereshort-lived. Not until 1863 did the United States create a truly national banking system with a standard paper currency.Then we can draw a conclusion as follows. In the first revolution, America went on very well because of its natural resources. And in a very short time, regional economy developed. It is deserved to be mentioned that the government’s policies were so powerful, such as establishing national banks, encouraging technological advancement and so on. These really mad e great contributions to the nation’s rise.During the second revolution, Americans took the most use of new energies, such as electricity. On the one hand, it directly promoted the progress of heavy industry. On the other hand, it made mass production possible and laid a foundation for economic monopoly. It not only added a lot financial income but also strengthened the economic system. What’s more, the world science and technology center moved from Europe to America.Then, America began to lead the world industrial revolutions. The most meaningful reason for its improvement might be that Americans are good at absorbing advanced technology and innovating breakthroughs. Therefore, American productivity and enterprise management system are in continuous innovation process. As a result, in the science and technology, America has being playing a leading role around the world.2. Free enterpriseMost Americans think that the rise of their nation as a leading producer of manufactured goods, food and services could not occurred without the economic freedom capitalism---which many prefer to call free enterprise.A most important factor is capital. On my point of view, they can divide to two main parts. One is money borrower, the people who need money to buy the land and build the factory. As a result, investor appeared---the other part. They find that they could make money by lending it to those who wanted to start or to expand a business. That led to the creation of an important part of the current economic scene: the selling of stock, or shares, in a business. So the stock trading was greatly increased in the vigorous free-market climate of the young America.Then many places are called stock exchanges are appeared, the best-known is perhaps he New York Stock Exchange, located in the Wall Street area of New York City, the nation’s largest city and a major business center. The government has conducted many economic policies to promote the development .American lost no time in industrializing their new nation and in building trade with other countries .it attracts and absorb foreign investment, establishing a financial reserve system to make the market creative and powerful. Besides, Americans do well in paying attention toadjusting measures to economically underdeveloped areas. There they implement a diversified economy. Having experienced the Great Depression, the government strengthened the intervention to the market and improved the economic system.3. ConclusionThe rise of the United States is a result of so many reasons from every aspect. However, the process is not as right as rain. America has faced quite a few difficulties and problems. Americans are not defeated. They just keep moving and creating their own mythologies.Although China is quite different from the United States, we Chinese can still learn from its experience. In the wave of international economy, we should learn from it and grasp the chances and be willing to take challenges.First, Innovation is the spirit of a nation’s advancement. We should encourage it and make our nation more energetic and creative. Second, we should put enough money to education so that we c should put enough money to education so that we can train more excellent people. At the same time, improve the technology. What’ more, we should make full use of our resources and recycle using them.In a word, China should keep pace with the times and adhere to the policy of reformation and opening.American Economy----The leader of the world’s economyMajor: International economy and tradeGrade and glass :2011.01Student number :1107010101Name ：Zhou Bi Rong 周必荣Time :2013.06.20。

美国经济⼤萧条英⽂介绍Economic crisisIn October 24, 1929, American black Thursday, crazy stock trend suddenly appeared in the New York stock exchange, trading a total of nearly 13000000 shares of stock, beyond more than 10 times of the normal daily trading volume. In financial speculation and bubble economy, the soared stock price now moved so that it can not keep up with the speed of price quotes. With many people in bankruptcy with a mountain of debt, even 8 people killing themselves on the day because of Dutch act of debt, the financial panic started. However, this was the largest , the longest, and the worst start of economic crisis in the history of capitalism. In the following four years, the capitalist world sank into the global crisis economically, socially and politically , has been a huge impact, precarious.On the Black Thursday, at 12 o’clock noon, a number of Wall Street financial giants in the Morgan Foundation Office held an emergency meeting, deciding to raise money to save the market. Two days later, the situation temporarily stabilized. But on 28th, Monday, with the wind coming again, 9,250,000 stocks sprung out such as the flood and the financial giants finally were unable to resist with wealth exhaustion, and they issued a statement at night: give up the rescue and panic is unstoppable to come. The next day, Tuesday, at 10 o’clock in the morning, with the stock market opening and the Gong ringing, large amounts of stock was thrown out, even at any price, but not many people wanted to buy with the chaotic scene. At the beginning of stock opening, 3000000 shares were thrown out, reaching more than 8000000 shares two hours later, and more than 12,000,000 stocks closed at one thirty. when shares reached16,410,000 , the stock market finally collapsed and the stock marketfell by12.82%. Hundreds of billions of dollars instantly became nothing and economic crisis has opened a prelude. Later on, the stock continually plunged with stock index 100 points in 1926, 145 points in November 1929 , 102 points in December 1930, and falling to 54 points in December 1931. Until 1933, the situation was extremely serious, even falling to 34 points in June, finally the index had lost 5/6. Nearly one hundred billion U.S. assets burst miraculously disappeared such as soap bubbles. From September in 1929 to January 1933, thirty kinds of stocks fell by 82.8%, from the average of $364.9 to $62.7. In the meanwhile, 20 kinds of railway stock from an average of $180 per share to $28.1, decreasing by 84.4%.The crisis heavily hit the United States firstly, thousands of factories and banks collapsed. There were 26400 companies and 934 banks broken In 1930. In 1931, 28300 companies and 1440 banks failed; In 1932, 31300 companies and 1453 banks failed; In 1933, 20300 companies and 1783 banks also failed. People rushed into banks in a panic to draw a large number of deposits, which caused a great loss of gold reserves as well as capital output sharply decreased nearly being stopped..In early 1933, all banks in the United States were out of business basically . Finance was just the nerve center of modern economy,and its paralysis inevitably led to the entire national economic havoc and the economy in the United States almost collapses, which resulted in continuous decline in America's GDP. In 1929, GDP was $103.1 billion, $55.6 billion in 1933. During the past three years GDP has decreased by half. Ten years later, it went back to $99.6 billion in 1940.What is more , industrial production of USA in July 1932, has fallen to the bottom, contrast in May 1925, plummeted 55.6%, steel fell by nearly 80%, fell by 87% in the machine tool manufacturing, auto industry has declined by 95%.With the economic crisis leading to a large number of unemployed people, people's life became seriously poor and the unemployed in the United States had more than 400 in 1930 to 8 million people in 1931, breaking through the ten million mark in 1932. In 1933, the most serious unemployment went up to 17million, which means nearly a third of the workers in the United States. From October 1930 to March 1931, there were 223000 people out of work among 690,000 workers and 5,000 households losing their homes within only 6 days just were unable to pay the mortgage. The unemployed fully in urban and rural, cold, hunger, and homeless, have been admitted to the Hoover cottage made of wood, sheet metal or paper boxes and so on. The humble dwelling were called Hoover cottage, because when Hoover once was run for President of the United States, he had promised the workers that they could have the chicken to eat and cars to drive.Once in America, about 34,000,000 people had no income, accounting for 28% of the total population, and even a large number of schools went bust. In 1932, only New York, at one time, had more than 30 students out of school and millions of people relied on charity with fear and despair throughout the crisis. This is so called the history of the great tragedy of America.In the early twentieth century, there were a variety of latent crisis factors in America economic prosperity such as large gap between the rich and the poor, wealth is concentrated in a few rich people, so that the majority of people in lower class lacked purchasing power because of poverty. In 1929, the rich in USA, accounting for 5% of the population of the country, had a personal collection of 1/3. At thesame time, the poor households with the annual income of less than $2000 were up to 60% of the whole families. In addition, the number of the pre-crisis unemployment reached about 2,000,000. Another important factor is the rampant speculation, such as speculation frenzy of the stock and real estate , forming the bubble economy. The New York Stock Exchange listed shares increased to from 443,000,000 shares in January 1925 to more than 1,000,000,000 shares of stock in October 1929 , with the face value higher with 3 to 20 times, some even up to 50 times. The the doubled prices and a serious departure from the actual value, the stock eventually fell off a serious cliff on the Black Thursday in 1929.。

美国经济英语作文【篇一：英语小短文经济篇】英语小短文1经济篇背景导读美国商务部2009 年4 月29 日表示，美国第一季度gdp 季度调整后年降6.1%，经济学家预期值为下降4.6%。

美国第一季度经济下滑几乎没有改善，企业削减开支和库存，表明衰退并未如预期那样放缓。

indications that unemployment continues to rise is grim news for leaders heading to the g-20 summit（20 国集团峰会）in the united states next week. the paris-based organization for economic cooperation and development（经济合作与发展组织）reports unemployment reached its highest level among industrialized nations of 8.5 percent in july. oecd unemployment division chief stephan scarpetta says the number of jobless among the oecd’s 30 member countries is expected to climb even higher next year, to nearly 10 percent. that translates into 57 million people out of work. the united states, spain and ireland are among those countries with the fastest rising unemployment. allthree were affected by the collapse of high housing prices. the damage spread to other sectors of the economy. scarpettasays young people are among the hardest hit. in spain, for example, more than one in three young workers are unemployed.背景导读经济合作与发展组织2009 年9 月份报告说，工业化国家的失业率仍在增加，而且有可能在明年达到近10%的历史最高水平，尽管不断有报道说，很多工业化国家正在走出几十年来最严重的经济危机。