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Aug 29, 2024

[Answer] 2. Economics: What man from 1987 to 2006 was regarded as most important person in controlling and moderating the economy of the United States?

Step 1 : Introduction to the question "2. Economics: What man from 1987 to 2006 was regarded as most important person in controlling and moderating the economy of the United States?"



...1. Alan Greenspan 2. Ben Bernanke 3. William McChesney Martin, Jr 4. Paul A. Volcker Alan Greenspan had to choose between a career in music or in business. He played in band with Stan Getz and studied clarinet at the Juilliard 1943-1944. However, he eventually earned earned a B.S. degree in economics summa cum laude in 1948 at New York University. After gaining Wall Street experience, he helped to establish Townsend-Greenspan, one of the most powerful consulting firms. In 1987 Ronald Reagan appointed him Chairman of the Federal Reserve. He was to continue his service under George H. W. Bush, Bill Clinton, and George W. Bush. Alan Greenspan's economic philosophy was greatly influenced by Ayn Rand, who espoused capitalism, a free market, and individual initiative. How much this effected his decisions at the Federal Reserve is not clear. The collapse in real estate, for instance, is blamed by those with 20/20 hindsight, on his policies. Tidbit: Greenspan dated TV icon Barbara Walters in the 1970s.




Step 2 : Answer to the question "2. Economics: What man from 1987 to 2006 was regarded as most important person in controlling and moderating the economy of the United States?"



Alan Greenspan:


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