Results 1 to 3 of 3

Thread: direct stake

    • Member Info
      • Member Type:
      • Student or Learner
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Oct 2009
    • Posts: 179
    • Post Thanks / Like
    #1

    direct stake

    Dear all,

    How should I understand "direct stake" underlined in the sentence below?

    Does it mean most people didn't own the stock of certain company? or they were not directly concerned with the stock market?

    Thanks in advance.

    Most Americans had no direct stake in the stock market crash of late 1929 and consequently had no idea what kind of economic tsunami was about to come down on them.

  1. riquecohen's Avatar
    • Member Info
      • Member Type:
      • English Teacher
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • Brazil

    • Join Date: Aug 2010
    • Posts: 6,010
    • Post Thanks / Like
    #2

    Re: direct stake

    Quote Originally Posted by Eartha View Post
    Dear all,

    How should I understand "direct stake" underlined in the sentence below?

    Does it mean most people didn't own the stock of certain company? or they were not directly concerned with the stock market?

    Thanks in advance.

    Most Americans had no direct stake in the stock market crash of late 1929 and consequently had no idea what kind of economic tsunami was about to come down on them.
    Most Americans had no financial investment in the stock market and therefore lost no money in the crash itself.

    • Member Info
      • Member Type:
      • Interested in Language
      • Native Language:
      • Serbo-Croatian
      • Home Country:
      • Bosnia Herzegovina
      • Current Location:
      • Bosnia Herzegovina

    • Join Date: Nov 2007
    • Posts: 844
    • Post Thanks / Like
    #3

    Re: direct stake

    Quote Originally Posted by Eartha View Post
    Most Americans had no direct stake in the stock market crash of late 1929 and consequently had no idea what kind of economic tsunami was about to come down on them.
    Most Americans weren't stakeholders at that time so that they had no idea...

Similar Threads

  1. [Grammar] it has given many more Chinese a stake in...
    By qizi in forum Ask a Teacher
    Replies: 3
    Last Post: 10-Dec-2010, 15:06
  2. stake
    By hadada in forum Ask a Teacher
    Replies: 3
    Last Post: 26-Jul-2009, 17:17
  3. at stake
    By bieasy in forum Ask a Teacher
    Replies: 1
    Last Post: 17-Apr-2008, 19:44
  4. stake
    By MIA6 in forum Ask a Teacher
    Replies: 1
    Last Post: 29-Aug-2007, 02:03
  5. drove a stake
    By PINKGREAT in forum Ask a Teacher
    Replies: 3
    Last Post: 29-Jun-2007, 02:03

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •