How Did Alan Greenspan Contribute To The Economy
Raap
English G6
20 February 2013
Biography
Alan Greenspan has transformed his role from a dictator of Economic Advisors to a participative leader of the Federal Reserve. Alan had a positive impact on the U.S. economy through his way of dealing with inflation. He achieved the role of being one of the most powerful men in America, Federal Reserve Chairman.
Alan Greenspan was born to a Jewish family in New York City on March 6, 1926. As a young child Greenspan attended grammar school and from a young age showed amazing potential. Greenspan excelled through school completing seventh through ninth grade in two years. Later Greenspan's universe centered around jazz. He made playing professional his life ambition. He applied to Juilliard School. …show more content…
Despite critics' complaints that he first slowed economic expansion by keeping interest rates too high and then moved too slowly to end the recession, he was nominated to a second term by President George Bush in August 1991, and soon after he was also confirmed to his first full fourteen-year term on the Federal Reserve Board. In 1996 his third four-year term was confirmed. In 2004 he took office for a fifth term. Greenspan also served as chairman of the Conference of Business Economists; president and fellow of the National Association of Business Economists; and director of the National Economists Club. He received the Thomas Jefferson Award for the greatest public service performed by an elected or appointed official (1976); He was elected a fellow of the American Statistical Association (1989); He was decorated Legion of Honor (Commander) France (2000); He was made honorary Knight Commander of the British Empire (2002); and He was the first recipient of the Gerald R. Ford Medal for Distinguished Public Service (2003) (Encyclopaedia
English G6
20 February 2013
Biography
Alan Greenspan has transformed his role from a dictator of Economic Advisors to a participative leader of the Federal Reserve. Alan had a positive impact on the U.S. economy through his way of dealing with inflation. He achieved the role of being one of the most powerful men in America, Federal Reserve Chairman.
Alan Greenspan was born to a Jewish family in New York City on March 6, 1926. As a young child Greenspan attended grammar school and from a young age showed amazing potential. Greenspan excelled through school completing seventh through ninth grade in two years. Later Greenspan's universe centered around jazz. He made playing professional his life ambition. He applied to Juilliard School. …show more content…
Despite critics' complaints that he first slowed economic expansion by keeping interest rates too high and then moved too slowly to end the recession, he was nominated to a second term by President George Bush in August 1991, and soon after he was also confirmed to his first full fourteen-year term on the Federal Reserve Board. In 1996 his third four-year term was confirmed. In 2004 he took office for a fifth term. Greenspan also served as chairman of the Conference of Business Economists; president and fellow of the National Association of Business Economists; and director of the National Economists Club. He received the Thomas Jefferson Award for the greatest public service performed by an elected or appointed official (1976); He was elected a fellow of the American Statistical Association (1989); He was decorated Legion of Honor (Commander) France (2000); He was made honorary Knight Commander of the British Empire (2002); and He was the first recipient of the Gerald R. Ford Medal for Distinguished Public Service (2003) (Encyclopaedia