听力音频：
L1
讲座
1. What is the professor’s main point about the transatlantic cable?
It led to technological innovations in science and industry.
Its high expense was eventually justified.
It changed international business practices.
It rapidly opened new markets for products made in the United States.
2. What does the professor say about Cyrus Field’s Cable Cabinet?
It was originally established to provide a source of funding for struggling British inventors.
Its members initially lost money on the transatlantic cable installation.
Its financial backing helped convince governments to support the transatlantic cable installation.
Its members were hesitant to provide funding for the transatlantic cable installation.
3. According to the professor, how were the London and New York stock markets
affected by the transaltantic cable?
Stock transactions took place more quickly than they previously had.
Stock prices in both markets increased very quickly.
The number of stocks available for trade significantly increased.
New types of investors were drawn to the stock markets.
4. What does the professor imply about the electronic transfer of money?
It was used in other countries before the United States.
It was too complicated for merchants who had buyers in several countries.
It ensured fairness in foreign currency exchange rates.
It made the buyers more accountable to the merchants.
5. Why does the professor mention a package delivery company?
To give an example of type of business that emerged in the nineteenth century
To illustrate a change in the way international boat shipments were routed
To introduce the concept of adjustable international delivery fees
To explain how United States merchants shipped their goods across the country
6. What is the professor’s belief about the expansion of commercial relations between the United States and countries in Africa and Asia?
It created an immediate demand for cables to continents other than Europe.
It cannot be directly attributed to the transatlantic cable.
It sparked conflict between the United States and some European countries.
It helped make the installation of transatlantic cables into profitable business.
