Economics Crisis英文论文金融危机.doc
Economics CrisisSpeaker： From Business school 2012011694OUTLINEl Causesl Prominent Events In Historyl Main characteristicsl Influencesl LessonsCAUSESl The mistakes of economic policy;l The shortage of the raw material( oil crisis);l Natural disasters; l The consequences of the globalization; l The wrong of financial policies；l The primary cause of economic crisis is the capitalistic system. The radical contradiction of the capitalism is between the sociality of the product and the private possession of the capitalism. Obviously because of this, it is inevitable that the economic crisis happens every decades of years regularly.Prominent Events In Historyv The 1929-1933 economic crisis in capitalist worldØ Introduction During this period,the stock market on Wall Street in New York City got into a serious situation that people started selling shares madly due to the slump of share prices. Later,its effects spread to the whole world:banks faced bankruptcy one by one.At the same time,factories along with corporations closed down;the rate of unemployment jumped up;the income of farmers went down. The disaster continued till 1933 and it took several years for many countries to regain prosperity.Ø Influencesl Economic decline, stock market crash ， acclaim, individual bankruptcy l Social turmoil ，such as parade and demonstration and bashing;l Coup d'état such as fascism in Germany, Italy and Japan; l Adjustments in the national economy, such as Roosevelts new deal；l Becoming the root of wars: for example, Germany, Italy and Japan let loose the dogs of World War II in order to in order to transfer the crisis to other countries ;l The transformation of economic thoughts: from economic liberalism to state intervention in the economy or dirigismusm;v The American economic（2008）Ø InfluencesThe American economic crisis is also called the subprime crisis. The relaxing regulations on the credit and the persistently increasing tendency in the real estate and stock resulted in the final collapse of economy. Thousands of people lost their jobs and the stores closed down in the Wall Street overnight.Affected Countriesl AmericaOf course, the Americas first place in the world economy was inescapably influenced. And in order to transfer the crisis to other countries,the America dollar was devalued. Obviously,America is just like a schemer，it successfully gets away from the crisis and leaves the world curing itself. Anyway, Americas economy is recovering from the economic shadow while the other countries are in slump.And in this worldwide crisis, the Americas subprime crisis is the worst which is considered to be the chance of the reconstruction of the world financial system.l ChinaThe economic crisis first happened in the littoral area of China and then affected the backland. At the beginning, the money devalued resulting in the inflation which mainly caused the crisis. Later many factories closed down and people were out of jobs. To a degree, the governments powerful regulation has successfully controlled the serious situation .As a matter of fact, our economic growth mainly depends on export. The worlds slump sharply affects our export. We are especially affected by the European countries and America.l IcelandInfluenced by the 2008 economic crisis,Iceland was faced with bankruptcy.Earlier,Huge losses in the investment abroad resulted in Iceland's banking crisis,so the government resorted to the rescue plan which,however,deteriorated the financial system.It has been days since Iceland's economic crisis,but Icelanders'nightmare has not finished yet.The premier has alledged that the economic crisis is likely to happen again in the near future.l BritainPossibly gets into another Great Depression.l GreeceCauses riots and probably quitting the Euro Zone.l UkraineAlmost encounts a nationwide economic collapse.v Tulip Mania in 1637 In the beginning,the unbalanced phenomenon between the supply and demand of tulips made the price of these flowers soar. Then,some speculators invaded the market driven by enormous benefits. Finally,many civilians got involved in this incident to get rid of poverty,which caused a steep fall in the price of tulips.v South Sea Bubble in 1720 In the 18th century,British owned considerable idle funds.Seeing a huge business opportunity,South Sea Company based in Britian reached a bargain with the government and issued large quantities of stocks.However,disappointed at the real performence of the company,many insiders as well as officials had to sell their shares,thus leading to a severe collapse in the company's stock price. The Bubble completely shattered!Main characteristicsThere are some slight differences in the phenomena of economic crisis between before and after World War。The pre-war crisis is characterized by deflation,falling prices,rising interest rates and bank failures;while inflation and rising prices occurred in the post-war crisis.However,the two periods share the same features:production impairment and unemployment surge.Lessons drawnFirst, prosperity and crisis are always closely connected. Not only is each country supposed to pay attention to the current direct benefits, but they should focus on the future and ensure the sustainable development of economy, nipping the potential crisis in the bud.Second,the government must adapt its internal systems and policies to the development of economy.Moreover,to harmonize international relations will create a favorable environment for economic growth.Third,once the economic crisis appears,all countries and organizations are required to take their respective duties and obligations,thus keeping the crisis from deterioration.With regional economic collectivization and global economic integration acceIerating,international collaboration is particularly significant. Speaker： From Business school 2012011694 保护与报警定值与结果保护与报警定值与结果过载大于110%报警，大于120%延时5秒跳闸出口电压高卸载大于108%短路200%，延时0.08秒跳闸出口电压低卸载低于85%电流不平衡不平衡电流大于20%，延时5秒跳闸电压高跳闸大于110%漏电电流大于30%，延时10秒三相电压不平衡电压差大于10%逆功率大于8%，延时0.5秒过频率大于110%超速大于115%，延时5秒跳闸低频率小于85%蓄电池电压低小于21V蓄电池电压高大于30V差动保护0秒跳闸失磁保护跳闸单相接地保护跳闸过电流保护跳闸润滑油压低跳闸三次自起动失败发信并闭锁自起动冷却水温高发信润滑油温度高发信机油油压过低跳闸机油油压低发信冷却水断水跳闸燃油量过低发信油箱油位低发信冷却水水位低发信3主要技术指标（表一）灵敏度100Lx(0=550nm)1.5s2.55s输 出AC220V 50Hz 1A ， DC24V 1A模拟量输出420mADC 15VDC工作方式环境温度探 -2环境湿度;入口AC220V 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