Alan Greenspan (Dictionary of World Biography: Twentieth Century)
Article abstract: As chairman of the U.S. Federal Reserve Board, Alan Greenspan worked to balance economic growth, employment rates, and inflation.
Alan Greenspan was born in New York City, the only son of Herman Herbert and Rose Goldsmith Greenspan. The couple divorced when Alan was six. From then on, he was reared by his mother, a furniture store salesperson; Rose and her son moved in with her parents, Russian Jewish immigrants, in the Washington Heights section of New York.
Alan attended the city’s public schools and, eventually, the renowned Juilliard School, where he studied saxophone and clarinet. After two years, he dropped out and toured the country with the Henry Jerome swing band. After a time, however, he decided that he could not excel in music professionally, and he left the ensemble. His insatiable love of figures and economics prompted him to enroll in New York University’s School of Commerce. There he earned a bachelor’s degree in economics, graduating summa cum laude in 1948. He was to obtain a master’s degree from the same institution in 1950 and, much later, a doctorate in 1977 after a stint at Columbia University. While there, he met the noted economics professor and public official, Dr. Arthur F. Burns.
Greenspan proved to be more than merely an academic economist. Together with a bond trader William Townsend, he formed the economic consulting firm of...
(The entire section is 2056 words.)
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