1 / 5

Time Magazine’s Man of the Year: Ben Bernanke

Time Magazine’s Man of the Year: Ben Bernanke. By Russel Manwarren. About Ben Bernanke . He is not flashy, and he cant inspire a large group people with a speech. He is very methodical, and professional. He once was a professor. He “Saved the country from Depression 2.0”

tiva
Download Presentation

Time Magazine’s Man of the Year: Ben Bernanke

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Time Magazine’s Man of the Year: Ben Bernanke By Russel Manwarren

  2. About Ben Bernanke • He is not flashy, and he cant inspire a large group people with a speech. • He is very methodical, and professional. He once was a professor. • He “Saved the country from Depression 2.0” • He led an effort to save the United States, and the entire World’s economy. • He takes a lot of blame for the current economy not being good, and risks some of the Fed’s powers being taken away.

  3. What does the “Man of the Year” do? • Chairman of the Federal Reserve • Federal Reserve • The most important and least understood force shaping the economy. • The group that controls all the money supply in the United States. • In other words… • He leads the effort to save our economy, and the world’s. • He takes extreme criticism because the economy is so bad. • He is the most valuable person on the most important team guiding the world’s most important economy.

  4. What made him 2009’s “Man of the Year”? • He saved the economy from another depression. • “…turbulence in U.S. housing markets metastasized into the worst global financial crisis in more than 75 years, he conjured up trillions of new dollars and blasted them into the economy; engineered massive public rescues of failing private companies; ratcheted down interest rates to zero; lent to mutual funds, hedge funds, foreign banks, investment banks, manufacturers, insurers and other borrowers who had never dreamed of receiving Fed cash; jump-started stalled credit markets in everything from car loans to corporate paper; revolutionized housing finance with a breathtaking shopping spree for mortgage bonds; blew up the Fed's balance sheet to three times its previous size; and generally transformed the staid arena of central banking into a stage for desperate improvisation…” • From the article on http://www.time.com/time/specials/packages/article/0,28804,1946375_1947251,00.html

  5. Does he help our society or hurt it? • I think he has helped our society for many reasons. • Although our unemployment rate is 10% if he hadn't of taken desperate measures it would be at this point 25%. • He basically single handedly saved the economy from repeating a great depression. • He doesn’t act out, or speak out on anything he just gets the job done, and stays away from the media. • The decisions he has made will shape our future money, the direction of the United States authority, and our country’s relationship with the world.

More Related