高级英文写作教程Lesson3 the big bull market.ppt

TheBigBullMarketbyFrederickLewisAllenAuthor1ABullMarketandBearMarket2TheBigBullMarket3Outline:Born:July5,1890,Boston,Massachusetts,:,1954(aged64),NewYorkCity,::Socialhistorianandeditor(theAtlanticMonthly,theCentury,Harper’sMagazine).FrederickLewisAllenRepresentativeworks:OnlyYesterday(1931),SinceYesterday(1940),TheBigChange(1952),an(1949).WhyBullandBear?Thepreciseoriginofthephrases"bullmarket"and"bearmarket""bullmarket".Bull(buyer)::,ABullMarketandBearMarketBear(seller):Itreferstoapersonwhokeepssellingstockssoastolowertheprice,:Itindicatesaperiodoftimewhenstockprices(values),ABullMarketandBearMarketItreferstotherisingstockmarketintheUSAin1920s(knownas“RoaringTwenties”),especiallyduringtheperiodfromMarch3,1928toOctober24,TheBigBullMarketBackgroundKnowledgeTheBigBullMarketByAugust1929,brokerswereroutinelylendingsmallinvestorsmorethan2/$,morethantheentireamountofcurrencycirculatingintheUSA.