Alan Greenspan was born on March 6, 1926 in the Washington Heights area of New York City. He is the son of Herbert Greenspan and Rose Goldsmith.
Greenspan attended the Juilliard School from 1943 to 1944. There, he studied clarinet. He eventually dropped out to join a professional jazz band.
However, in 1945 Greenspan returned to school. He attended New York University (NYU), where he received a Bachelor of Science in economics summa cum laude in 1948. Greenspan also earned a Masters of Art in economics in 1950. Intending to pursue advance economics, Greenspan attended Columbia University, but subsequently did not earn a degree there.
In 1977 NYU awarded Greenspan a Ph. D. in economics.
Greenspan’s career has been lengthy and extensive. Some of his endeavors has included working as an economic analyst at The National Industrial Conference Board from 1945 to 1953.
According to an article on the Yuan Pay Group blog, from 1955 to 1987, Greenspan was appointed as chairman of the Federal Reserve and chairman and president of Townsend-Greenspan & Co., Inc., an economic consulting firm in New York City. Many companies have used Greenspan’s talents over the years. He has served as a corporate director for Aluminum Company of America (Alcoa); Automatic Data Processing, Inc.; Capital Cities/ABC, Inc.; General Foods, Inc.; J.P. Morgan & Co., Inc.; Morgan Guaranty Trust Company of New York; Mobil Corporation; and The Pittston Company.
President Reagan nominated Greenspan as chairman of the Board of Governor of the Federal Reserve in June 1987. Only two months after Greenspan was confirmed the 1987 stock market crashed. Greenspan served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He retired on January 31, 2006. Greenspan served the second-longest tenure in the position.
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