// BEGIN editorial data var i = 0; var greenspan03_wb3 = new Array(); greenspan03_wb3.ID = "greenspan03_wb3"; greenspan03_wb3.ID_WB = 6057300; greenspan03_wb3.sPubDate = "1/31/2006 6:43:43 PM GMT"; greenspan03_wb3.navsectionID = "3032071" greenspan03_wb3.appFmt = 2; greenspan03_wb3.appWidth = 460; greenspan03_wb3.appHeader = "TIMELINE|Alan Greenspan"; greenspan03_wb3.appFooter = "Source: Federal Reserve, \"Maestro\" by Bob Woodward, MSNBC research"; greenspan03_wb3.appNavStyle = 7; greenspan03_wb3.appLayout = 1; greenspan03_wb3.copyHeight = 220; greenspan03_wb3.copyMargin = 9; greenspan03_wb3[i++] = new Array("","March 6, 1926","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Born in New York City, the only child of Rose and Herbert Greenspan"; greenspan03_wb3[i++] = new Array("","1940s","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "After attending Juilliard music school, spends a year playing saxophone with a touring big band."; greenspan03_wb3[i++] = new Array("","1948","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Graduates summa cum laude from New York University."; greenspan03_wb3[i++] = new Array("","1950","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Receives master’s degree in economics from New York University."; greenspan03_wb3[i++] = new Array("","1952","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Marries Joan Mitchell. Marriage was later annulled.
"; greenspan03_wb3[i++] = new Array("","1952","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Meets libertarian philosopher-author Ayn Rand and becomes part of her informal circle."; greenspan03_wb3[i++] = new Array("","1953","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Forms consulting firm Townsend-Greenspan."; greenspan03_wb3[i++] = new Array("","1968","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Acts as economic adviser to presidential campaign of Richard Nixon."; greenspan03_wb3[i++] = new Array("","1974","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Appointed by Nixon to be chairman of White House Council Economic Advisers. Stays on in Ford administration."; greenspan03_wb3[i++] = new Array("","1977","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Awarded Ph.D. in economics by New York University."; greenspan03_wb3[i++] = new Array("","1981","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Appointed chairman of National Commission on Social Security Reform. Report of the bipartisan Greenspan Commission in 1983 formed the basis for changes that helped shore up Social Security financing."; greenspan03_wb3[i++] = new Array("","1987","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "President Reagan appoints Greenspan as chairman of Federal Reserve. After confirmation by Senate, term began Aug. 11."; greenspan03_wb3[i++] = new Array("","Oct. 19, 1987","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Dow Jones industrials tumbles nearly 23 percent in stock market crash. Greenspan issues a statement the next morning offering assurance that the Fed was prepared to serve as a “source of liquidity” to support the financial system."; greenspan03_wb3[i++] = new Array("","July 1990","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Beginning of eight-month recession, followed by \"jobless recovery.\""; greenspan03_wb3[i++] = new Array("","1991","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "President Bush appoints Greenspan to a second term as chairman."; greenspan03_wb3[i++] = new Array("","1996","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "President Clinton appoints Greenspan to a third term."; greenspan03_wb3[i++] = new Array("","Dec. 5, 1996","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "With Dow over 6,400, Greenspan warns \"irrational exuberance\" may be inflating asset values. "; greenspan03_wb3[i++] = new Array("","1997","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Marries longtime girlfriend, NBC correspondent Andrea Mitchell."; greenspan03_wb3[i++] = new Array("","2000","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Clinton appoints Greenspan to a fourth term as chairman."; greenspan03_wb3[i++] = new Array("","March 2001","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Beginning of recession after record 10-year expansion."; greenspan03_wb3[i++] = new Array("","Sept. 11, 2001","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Terrorists attack New York and Washington. Fed, working behind the scenes to keep financial markets functioning, issues a statement offering assurance that its system is open and operating."; greenspan03_wb3[i++] = new Array("","Sept. 26, 2002","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Receives honorary knighthood from Queen Elizabeth II in recognition of his \"contribution to global economic stability.\""; greenspan03_wb3[i++] = new Array("","June 19, 2004 ","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "After renomination by President Bush and confirmation by the Senate, Greenspan begins a fifth term as Fed chairman."; greenspan03_wb3[i++] = new Array("","Jan. 31, 2006","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); greenspan03_wb3[i-1].body = "Greenspan steps down, returning to private sector after term as governor expires."; // END editorial data