Greenspan Debate

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Title: Greenspan Debate

Essay Details:

Subject: American History

Author: Hazel R

Date: July 26, 2015

Level: University

Grade: A

Length: 3 / 777

Essay text:

Volcker broke the back of inflation, but in order to do it he sent the economy into a recession. ? Greenspan did something even more amazing; he kept inflation low during the longest economic expansion in US history. o He never had to break the back of inflation because he never let inflation get out of hand in the first place. ? (show steadiness of inflation and decrease from 1990 to 1998) Did Greenspan rescue the economy from the stock market crash in 1987? George ? When Greenspan took office he created crisis management committees including one on the stock market ? A couple of months later the stock market crash in a single day in history ? Greenspan and Fed credited with saving US economy by providing quickly providing liquidity to banks o FOMC cannot direct banks, but E...

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