Text 4
In an Internet era, whether globalization means democracy and development or hindrance to progress, foreign interference and .U.S.-led economic domination over the developing countries has evoked hot debate.
Globalization is an inevitable tendency which has brought great opportunities such as exchange of knowledge and information, access to other societies, as well as economic competitions and exposure to different value systems. On the other hand, it is also accompanied by a multitude of challenges together with side effects on the form of increased poverty rates, but the effect is not always predetermined, because the problem is how to deal with it and make preparation for minimizing the challenge.
Statistics demonstrate in the last two centuries the individual income average has decreased, and the shares of profit in the Third World also have demolished, in contrary to the developed world. There is an international distortion due to the ex
A. Globalization is terrible.
B. Globalization is beautified by the international media, but it is not so ideal as they broadcast.
C. Globalization has proven that the whole world is nothing but corruption.
D. Globalization is an ideological expression and it has nothing practical in it.
Passage Four
The first European stock exchange was established in Antwerp, Belgium(比利时) , in 1531. There were no stock exchanges in England until the 1700’ s. A man wishing to buy or sell shares of stock had to find a broker(agents) to transact his business for him. In London, he usually went to a coffee house, because brokers often gathered there. In 1773, the brokers of London formed a stock exchange.
In New York City, brokers met under an old button-wood tree on Wall Street. They organized the New York Stock Exchange in 1792. The American Stock Exchange, second largest in the United States, was formerly called the Curb Exchange because of its origin on the streets of New York City.
A stock exchange is a market place where member brokers buy and sell stocks and bonds (债券) of American and foreign businesses on behalf of the public. A stock exchange provides a market place for stocks and bonds in the same way a board of trade does for commodit
A. the Wall Street
B. the stock exchange
C. the stock
D. the stockholder and stockbroker
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