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Article: Greenspan, Alan
- Article from:
- Gale Encyclopedia of U.S. Economic History
CopyrightCOPYRIGHT 1999 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENSPAN, ALAN
Alan Greenspan (1926
–
), chairman of the Federal Reserve Board since 1987, has sometimes been described as the second most powerful person in the
world. Greenspan's slightest utterance could directly affect the lives of millions of citizens and could alter the monetary policies of governments on six continents. His tenure at the Federal Reserve has been marked by low unemployment, near-zero inflation, a strong dollar, and unprecedented prosperity.
The only child of divorced parents, Greenspan was born and raised in New York City where he attended public schools. He enrolled in the prestigious Juilliard School of Music but, after a year he left to play tenor ...