Greenspan Awarded at Monticello

By: Philip Stewart Email
By: Philip Stewart Email

April 13, 2007

The former Chairman of the Federal Reserve, Alan Greenspan, made a stop in Charlottesville Friday evening. The economist was in the area to receive a very special award for his leadership.

The award was co-sponsored by the University of Virginia and the Thomas Jefferson Foundation. It was a medal commemorating his years of work and leadership.

"Let me thank you all for this really extraordinary honor," said Greenspan. "I will cherish it for the rest of my life."

The medal, called the Thomas Jefferson Foundation Medal in Citizen Leadership, is one of the highest awards given by the university.

"This medal was created to honor personal leadership and to honor enduring influence or impact on our common culture," explained John T. Casteen, President of UVa.

Greenspan served as the chairman of the Federal Reserve through four presidential administrations, retiring just over a year ago in January 2006.

"He guided the United States economy through an extraordinary period marked by rapid globalization and technological advance, but also by the 1987 stock market crash, the dot-com bubble, and the events of September 11, 2001 and their aftermath," said Casteen.

Greenspan spoke of his admiration for the founding fathers and how special it was for him personally to be accepting such a prestigious award at Monticello on the anniversary of Thomas Jefferson's birth.

"I'd like to just say how extraordinary being here this evening is, and how extraordinary it is receiving this medal," said Greenspan.

The award presentation was followed by a dinner at Monticello, a private event with about 50 invited guests.

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