My choice for a paper was to write about ALAN GREENSPAN. Alan Greenspan is very intriguing and interesting because of his long history of achievements and staying power in the Federal Government system as the Chairman of the Federal Reserve Board. (Board of Governors).
Alan Greenspan served under the administration of several Presidents and is currently holding his office until the year 2004.
Alan Greenspan was born March 6th 1926, in New York, the son of a Stockbroker and retail worker.
Mr. Greenspan, at an early age and at that time called Alan by his parents, would dazzle them by solving mathematical puzzles in his head.
Alan Greenspan, at age 19 enrolled as an Economics student at New York University. He has a B.S. in economics (summa cum laude) in 1948, M.A. in economics in 1950, Ph. D. in economics in 1977, all from New York University. .
Dr. Greenspan has received honorary degrees from Harvard, Yale, Pennsylvania, Leuven (Belgium), Notre Dame, Wake Forest, and Colgate universities. His other awards include the Thomas Jefferson Award for the Greatest Public Service Performed by an elected or appointed official, presented by the American Institute for Public Service, 1976 (Joint recipient with Dr. Arthur Burns and Williams Simon); election as a Fellow of the American Statistical Association, 1989; and decorated Legion of Honor (Commander) France, 2000.
He also studied music at the Juilliard School and accepted his first real job as a clarinet and saxophone player in a swing band. He used notes ceded to numbers.
In the early 50's, Greenspan, short of cash, dropped out of a doctoral program at Columbia University to become a professional economist.
With bond trader William Townsend he founded an economic consulting firm, New York's Townsend-Greenspan & Co. Inc., which prospered until 1987 when Greenspan dissolved it to pursue his career at the Federal level.
Alan Greenspan also served as a member of President Reagan's Economic Policy Advisory Board, a member of Time magazine's Board of Economists, a senior adviser to the Brookings Panel on Economic Activity, and a consultant to the Congressional Budget Office.