英语国家社会文化之美国经济USeconomy.pptVIP

South of San Francisco Bay Area Cisco Headquarters Silicon Valley School inside Silicon Valley Discussion and share Why do you think the Wall Street and Silicon Valley can become financial and economical center of the country? What are the differences of the two centers? Five Major Developments New forms of business organizations the first American commercial bank, 1780s 1863, standard paper currency Corporation vs. sole proprietorship and the partnership One distinguished feature of corporation: limited liability (Co.Ltd.) Limited liability It is a concept that the value of a persons investment in a company or partnership with limited liability. If a company with limited liability is sued, then the plaintiffs(原告) are suing the company, not its owners or investors. A shareholder(股东) in a limited company is not personally liable for any of the debts of the company, other than for the value of their investment in that company. usually that person‘s dividends(股息) in the company being zero, since the company has no profits to allocate. By contrast, sole proprietors(独资经营者) and partners in general partnerships(普通合伙企业) are each liable for all the debts of the business (unlimited liability). 5. Railroads westward expansion the construction of railroads beginning in the 1830s marked the start of a new era for the United States.  Question Can you think of any reasons why America has developed into the rich and affluent country? Any opportunities? Advantages? Principal idea in economy: Free Enterprise Key concepts Capitalism Laissez-faire Economic freedom Stock exchange Capitalism Capitalism is an economic system in which the means of production are privately owned and operated for profit, usually in competitive markets. private property power relations wage labor class Laissez-faire It is French and literally means let do, but it broadly implies let it be, or leave it alone. In economics, laissez-faire describes an environment in which transactions between priva