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He was born in New York City, earned a Master's degree in Economics in 1950 from New York University, and a Ph.D. in Economics in 1977. He also attended Columbia University for advanced graduate study. He was a friend of Ayn Rand and a strong intellectual advocate of capitalismCapitalism generally refers to a combination of economic practices that became institutionalized in Europe between the 16th and 19th centuries. Exactly which historic and current practices are considered part of "capitalism" varies among users of the term. In the mid- 1980sMillennia: 1st millennium 2nd millennium 3rd millennium Centuries: 19th century 20th century 21st century Decades: 1930s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s 2020s 2030s Years: 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 Events and trends, Greenspan was on the board of directorsA board of directors is a group of individuals chosen by the stockholders of a company to promote their interests through the goverance of the company. Board members in most legal jurisdictions have specific fiduciary duties, whereby they act for the bene of AlcoaThis article is about the company. For other uses, see Alcoa (disambiguation . Alcoa ( NYSE:AA) is an American company and one of the largest producers of aluminum. In 1894, Pittsburgh Reduction Company was established. This company changed its name to Al.
Mr. Greenspan is Chairman of the United States Federal Reserve BoardThe Federal Reserve System (also known as the Federal Reserve or simply "The Fed") is the central bank of the United States. It was created by the United States Congress and enacted on December 23, 1913, when President Woodrow Wilson signed the Owen-Glass, an office he first took on August 11August 11 is the 223rd day of the year (224th in leap years) in the Gregorian Calendar. There are 142 days remaining. Events 3114 BC beginning of our current era in the Maya Long Count Calendar 480 BC Persians under Xerxes defeat Spartans under King Leoni, 19871987 is a common year starting on Thursday. Events January January 1 Nunavut's capital changes it name to Iqaluit from Frobisher Bay. January 3 Aretha Franklin becomes the first woman inducted into the Rock and Roll Hall of Fame. January 4 An Amtrak train. On May 18May 18 is the 138th day of the year in the Gregorian Calendar (139th in leap years). There are 227 days remaining. Events 1593 Playwright Thomas Kyd's accusations of heresy lead to an arrest warrant for Christopher Marlowe. 1652 Rhode Island passes the fi, 2004, he was nominated by President George W. Bush to serve for an unprecedented fifth term. He has been appointed to this post by U.S. Presidents Ronald Reagan, George H. W. Bush, and Bill Clinton. From 1974 to 1977, he was Chairman of the Council of Economic Advisers under Gerald Ford.
His honorary titles include Knight Commander of the British Empire, bestowed in 2002 and Commander of the Legion of Honor.
He is married to NBC journalist Andrea Mitchell.
Greenspan's term as Chairman of the Federal Reserve is set to expire in January 2006, and he is not eligible to be renominated to a sixth term in that position.