The population of the Pacific states increased by 110 percent from 1940 to 1960. - Alan Greenspan

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The population of the Pacific states increased by 110 percent from 1940 to 1960.

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About Alan Greenspan

Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.

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Additional quotes by Alan Greenspan

New England was a land of textile mills powered by water, the South a land of plantations powered by slaves. This division became more pronounced over time as the North invested in new machinery and the South invested in more slavery.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.
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