Учебное пособие по английскому языку для студентов неязыковых вузов специальности "Государственное и муниципальное управление". Касторнова О.Н. - 39 стр.

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39
Kate: Well, as you know, next year we're going to centralise distribution,
so costs____
10
(decrease). Even if sales_____
11
(level off), profits______
12
(improve).
Make your own dialogue about talking prices.
Reading I. 1. In your opinion, which of the following give the best
return on your money? Which are very risky? Which are less risky?
• gold • currencies • a high-interest deposit
account
• precious stones • property • antiques and paintings
• stocks and shares • land/real estate • a new business
venture
2.Work in three groups. Each group reads a different text: either The South
Sea Bubble or Tulipomania or The Wall Street Crash. Make notes on the key
points.
The South Sea Bubble
1
The South Sea Bubble is the name given to a speculation in 1720 and
associated with the South Sea Company in London. People bought shares in the
company expecting to make a huge profit, but the boom in shares collapsed and
many investors lost all money.
The South Sea Company was founded in 1711 to trade with Spanish
America The company's stock offered a guaranteed interest of 6% and it sold
well. Unfortunately, however, Spain allowed the company to send only one ship
a year to trade in the area.
The first voyage in 1717 was a success. Then King George I became
governor of the company in 1719. This created confidence in the business, and
soon it was paying 100% interest.
In 1720, there was a boom in the South Sea Company's shares because it
agreed to take over the country's national debt. It expected to get back its money
by increased trade and a rise in the value of its shares.
The shares did, in fact, rise dramatically. The stock of the company,
which had been around £128 in January 1720, reached £1,000 in August.
However, by September the market had collapsed, and the price fell back to
£124. Finally, with the support of the Government, the shares levelled off at
around £140.
The South Sea Bubble had burst and it led to an economic depression in
the country.
Note:
1. bubble – пузырь.
Tulipomania
The first modern stock market appeared in Amsterdam at the beginning of
the 17th century. In Holland in the 1630s, there was one of the first and most
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               Kate: Well, as you know, next year we're going to centralise distribution,
         so costs____10 (decrease). Even if sales_____11 (level off), profits______12
         (improve).
               Make your own dialogue about talking prices.
               Reading I. 1. In your opinion, which of the following give the best
         return on your money? Which are very risky? Which are less risky?
               • gold              • currencies                 • a high-interest deposit
         account
               • precious stones              • property      • antiques and paintings
               • stocks and shares         • land/real estate          • a new business
         venture
            2.Work in three groups. Each group reads a different text: either The South
            Sea Bubble or Tulipomania or The Wall Street Crash. Make notes on the key
            points.

                                    The South Sea Bubble1
                The South Sea Bubble is the name given to a speculation in 1720 and
         associated with the South Sea Company in London. People bought shares in the
         company expecting to make a huge profit, but the boom in shares collapsed and
         many investors lost all money.
                The South Sea Company was founded in 1711 to trade with Spanish
         America The company's stock offered a guaranteed interest of 6% and it sold
         well. Unfortunately, however, Spain allowed the company to send only one ship
         a year to trade in the area.
                The first voyage in 1717 was a success. Then King George I became
         governor of the company in 1719. This created confidence in the business, and
         soon it was paying 100% interest.
                In 1720, there was a boom in the South Sea Company's shares because it
         agreed to take over the country's national debt. It expected to get back its money
         by increased trade and a rise in the value of its shares.
                The shares did, in fact, rise dramatically. The stock of the company,
         which had been around £128 in January 1720, reached £1,000 in August.
         However, by September the market had collapsed, and the price fell back to
         £124. Finally, with the support of the Government, the shares levelled off at
         around £140.
                The South Sea Bubble had burst and it led to an economic depression in
         the country.
                Note:
                1. bubble – пузырь.

                                           Tulipomania
               The first modern stock market appeared in Amsterdam at the beginning of
         the 17th century. In Holland in the 1630s, there was one of the first and most


                                                                                        39
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