1、Unit 5 American Economy,1,Do you agree that “cultivators of the earth are the most valuable citizens”? Give your reasons.,Yes, I think so. Firstly, from the earliest days, the sight of farmers working the land has been at the heart of the American experience. Besides, agriculture and its related ind
2、ustries serve as the foundation of American economic life, accounting for a larger portion of USs GNP (Gross National Product) than any other endeavor. Finally, agriculture represents a bond of continuity between present and past, linking new generations with the rhythms and dreams of generations of
3、 long ago.,2,It is known to all that buying and selling stocks is a risky business. Why do you think there are still so many people involved in it?,Firstly, the corporations can raise money for expanding businesses by selling stock. Besides, when people buy stock, they become part owner of the compa
4、ny. If the company makes a profit, they receive a share of it. Likewise, if the company lose money, the shareholders will not make a profit or the value of their shares will drop. If that happens, they lose money.In addition, high risky means high profit. So, people like involving in it.,3,Give exam
5、ples of industries which are declining, and industries which are fast developing in the US?,Declining industries: iron and steel, agriculture. Developing industry: service industries.,4,What is the current economic situation in America? How did the Great Recession begin? What does it show?,Severe ec
6、onomic crisis. Because the defects in the free market system and US government financial policies. Millions of people in America and all over the world lost their jobs and homes. The financial crisis was triggered by a liquidity shortfall in the US banking system. It has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered resulting in numerous evictions, foreclosures and prolonged vacancies.,
