d importance of shareholders as a class , an element in national life representing irresponsible wealth detached from the land and the duties of the landowners; and almost equally detached from the responsible management of business. All through the nineteenth century, America,Africa, India, Australia and parts of Europe were being developed by British capital, and British shareholders were thus enriched by the world ' s movement towards industrialisation. Towns like Bournemouth and Eastboume sprang up to house large. " comfonable" classes who had retired on their incomes, and who had no relation to the rest of the community except that of drawing dividends and occasionally attending a shareholders' meeting to dictate their orders to the management. On the other hand "shareholding" meant leisure and freedom which was used by many of
the later Victorians for the highest purpose of a great civilisation.
The "shareholders" as such had no knowledge of the lives, thoughts or needs of the workmen employed by the company in which he held shares, and his influence on the relations of capital and labour was not good. The paid manager acting for the company was in more direct relation with the men and their demands, but even he had seldom that familiar personal knowledge of the workmen which the employer had often had under the more patriarchal system of the old family business now passing away. Indeed the mere size of operations and the numbers of workmen involved rendered such personal relations impossible. Fortunately, however, the increasing power and organization of the trade unions, at least in all skilled trades, enabLed the workmen to meet on equal terms the managers of the companies who employed them. The cruel discipline of the strike and lockout taught the two parties to respect each other' s strength and understand the value of fair negotiation .
59. It's true of the old family finns that__.
(A) they were spoiled by the younger generations
(B) they failed for lack of individual initiative
(C) they lacked efficiency compared with modem companies
(D) they could supply adequate services to the taxpayers
60. The growth of limited liability companies resulted in__.
(A) the separation of capital from management
(B) the ownership of capital by managers
(C) the emergence of capital and labour as two classes
(D) the participation of shareholders in municipal business
61 . According to the passage, all of the following are true except that__.
(A) the shareholders were unaware of the needs of the workers
(B) the old firm owners hand a better understanding of their workers
(C) the limited liability Qompanies were too large to run smoothly
(D) the trade unions seemed to play a positive role
62. The author is most critical of___ .
(A) family film owners (B) landowners ( C) managers (D) shareholders
Passage 4
What accounts for the great outburst of major inventions in early America-breakthroughs such as the telegr
[责任编辑:bulesky]
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