单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,*,Presenters:,林楚楚,1203012124,李艺蓉,1203012121,李欣洁,1203012120,蔡雅瑜,1203012102,2021/10/14,The Plunge in European Stock Market,The Dow Jones Industrial Avera,ge,has,experience,d,ups and downs recently,.,A,n average of 30 significant stocks,suffered,in the New York Stock Exchange.Wednesday,it jumped;yesterday,it dropped.335 points,its worst day of the year in points.Why?One reason is the European economy.,Investors are getting nervous that Germany,Europes biggest economy,could slip into a recession,then they sell stocks.,Another reason,The Fed,.Its recent moves indicate that global economic growth maybe slowing down.,So,who makes the money go around?The answer is the Federal Reserve.,The Fed is unlike any other U.S.institution.Its run by,a board of governors,based in Washington,D.C.It had 12 Federal Reserve banks located around the main,banking centers,of the country.So places like New York,San Francisco,Philadelphia.,The presidents of these banks and the board of governors meet eight times a year to make big policy decisions,and to ensure the economy is moving at a stable clip.So the Congress oversees the Fed,but the Fed does not really answer to Congress.The Fed operates completely independently,because the Fed doesnt care about politics.,WORDS AND EXPRESSION,bankingcenter,金融中心,eg.Baltimore also became a banking center and a center of education and medicine.,巴尔的摩也成为银行中心，以及教育和医学中心,boardofgovernor,董事会；管理委员会,BACKGROUND INFORMATION,道琼斯指数,(Dow-Jones Index),，是一种,算数平均股价指数,。道琼斯指数是世界上历史最为悠久的股票指数，它的全称为,股票价格平均指数,。,美国联邦储藏系统英语：The Federal Reserve System或者Federal Reserve，非正式称为The Fed简称美联储，负责履行美国的中央银行的职责。这个系统是根据?联邦储藏法?(Federal Reserve Act)于1913年成立的。,Thank you!,