... the structure of the Federal Reserve System, let's talk about the man who is in charge. The current chairman is Alan Greenspan. "He is the most powerful person in the world concerning monetary policies" There is a famous saying that "when Alan Greenspan speaks, Wall Street listens." Greenspan is the only person that has enough power to move billions and billions of dollars ... with just a simple speech. Alan Greenspan was born on March 6, 1926 in New York, NY. Hew was the son of a stockbroker and retail worker. Alan studied music at the Julliard School and his first job was that of a cl...

• Word Count: 1833
• Approx Pages: 7
• Grade Level: High School

... , the nature of wealth in relation to money, and the difference of productive and nonproductive spending. Both men helped lay out a foundation for which our most famous present da! y economist, Alan Greenspan, leads the American Monetary System, The Federal Reserve System. Banking in the America of 1863 was far from easy or dependable. The First Bank (1791-1811) and Second Bank ... ., Vice Chairman Edward W. Kelley, Jr. Laurence H. Meyer Edward M. Gramlich And two vacancies The current Chairman of the Board of Governors of the Federal Reserve System is the very well known, Alan Greenspan....

• Word Count: 1432
• Approx Pages: 6
• Has Bibliography
• Grade Level: High School