Greenspan: The Man Behind Money Essay -- Essays Paapers

Greenspan The gentleman hind end MoneyIn Justin Martins book Greenspan The Man Behind Money, the life of Dr. Alan Greenspan, a man whose expertise in economics has dramatically influenced the state of the U.S. economy, is told from a historical perspective and in a semi-chronological order.Alan Greenspan grew up in peeled York Citys Manhattan. After his parents divorced he went to live with his mother and her parents. Greenspans father seldom visited, yet when he did, Greenspan was extremely happy. This detail struck an emotional heap in that it was evident Greenspan strived to succeed not only for himself but also for the approval of his father. Greenspans father was a NY Stock Broker and published a book entitled, Recoery Ahead, a book about President Franklin D. Roosevelts raw(a) Deal and the state of the economy. The book had the following inscription May this my initial effort with a constant thought of you branch into an endless drawstring of similar efforts so that at y our maturity you may look butt and endeavor to interpret the reasoning behind these logical forecasts and begin a like work of your own. Your Dad. (4) This would eventually break Greenspans mission in life. Although he saw his father few times during his adult life, his father sure enough new of his sons success through all of the media attention Greenspan received over the years.Greenspan was influenced by his mother, books, and by mentors in his life. While in attendance at Columbia University, Greenspan took a seminar on business cycles, taught by Arthur Burns. On the outgrowth day of class, Professor Burns asked the following question, What causes inflation? then said, exorbitance government spending causes inflation. Greenspan having read John Maynard Keyne... ...strife of the poor was received with boos and anger. He quickly realized the insensitivity of what he had said and apologized. The book mentions that from his educational background, work experience, and his time at his Economic firm Alan Greenspan was bound to become Chair of the federal reserve, but regardless of the career he had chosen, it seems that Greenspan was destined to succeed-period. After reading this book, I am not only thoroughly impressed by Chairman Greenspan, but I also learn Economics from a historical standpoint and its affect on my life-past, present, and future. Justin Martin went to groovy lengths to, in detail, explain the principles behind economics in such a way that made it easy to understand and enjoyable to read. Works CitedMartin, Justin. Greenspan The Man Behind Money. Cambridge, Massachusetts Perseus Publishing, 2000.