Bbc alan greenspan biography
- Alan Greenspan spent nearly 20 years as chairman of the US Federal Reserve, becoming one of the most influential figures in global economics before his.
- Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006.
- On 23 December 1913, President Woodrow Wilson signed the Federal Reserve Act creating the US central bank that this month celebrates its 100th birthday.
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Alan Greenspan
American economist and financial advisor (born 1926)
Alan Greenspan | |
|---|---|
| In office August 11, 1987 – January 31, 2006 | |
| President | |
| Deputy | |
| Preceded by | Paul Volcker |
| Succeeded by | Ben Bernanke |
| In office August 11, 1987 – January 31, 2006 | |
| President |
|
| Preceded by | Paul Volcker |
| Succeeded by | Ben Bernanke |
| In office September 4, 1974 – January 20, 1977 | |
| President | Gerald Ford |
| Preceded by | Herbert Stein |
| Succeeded by | Charles Schultze |
| Born | (1926-03-06) March 6, 1926 (age 98) New York City, U.S. |
| Political party | Republican |
| Spouses | Joan Mitchell Blumenthal (m. 1952; ann. 1953) |
| Education | |
Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC.
First nominated
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Alan Greenspan
Alan Greenspan | |
|---|---|
| In office August 11, 1987 – January 31, 2006 | |
| President | Ronald Reagan George H. W. Bush Bill Clinton George W. Bush |
| Deputy | Manuel H. Johnson David W. Mullins, Jr. Alice Rivlin Roger W. Ferguson, Jr. |
| Preceded by | Paul Volcker |
| Succeeded by | Ben Bernanke |
| In office 1974–1977 | |
| President | Gerald Ford |
| Preceded by | Herbert Stein |
| Succeeded by | Charles Schultze |
| Born | (1926-03-06) March 6, 1926 (age 98) New York City, New York, U.S. |
| Nationality | American |
| Political party | Republican |
| Spouse(s) | Joan Mitchell (1952–1953; annulled) Andrea Mitchell (1997–present) |
| Residence | New York City, New York Washington, D.C. |
| Alma mater | New York University (B.S., M.A., PhD) |
| Profession | Economist |
Alan Greenspan (born March 6, 1926) is an American economist.
Early life
[change | change source]Greenspan was born on March 6, 1926 in New York City, New York to a Romanian-Hungarian-Jewish family. He studied at George Washington High School and at New York University.
Career
[change | ch- •
The Man Who Knew: The Life and Times of Alan Greenspan by Sebastian Mallaby (Bloomsbury, £30)
In retrospect, it is easy to see what happened. The 2008 crisis was triggered by the mother of all bank runs: a panicky loss of confidence in the financial system, which had loaded up on lousy mortgages that remained unsafe even though they were wrapped up in new and exotic ways. Financial institutions had made too many loss-making investments, but the bubble they had inflated delayed the day of reckoning—until it didn’t.
The surprising thing is not what happened, but that so few people saw it coming. And even that is not quite right. Many did see enough to know the risks. Some of them were even in a position to do something about it. If they did not do so, it was because either they wilfully ignored the dangers or found the potential remedies worse than the disease. In short, they thought the boom was worth having.
Eight years after the crisis—in the wake of a US election campaign fuelled by the political fallout of economic tough times, and with a previously unthinkable President-el
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