Ben Bernanke – Time’s 2009 Person of the Year

United States Federal Reserve Chairman Ben Bernanke was named Person of the Year for 2010 by Time Magazine.

Who? And why was he chosen?ben-bernanke

According to the editors of the magazine, the story of the year is the recession, the weak economy. They believed that the situation would have been “much, much worse” if not for this fifty-six year old former Princeton University economics professor. He is the leading scholar on one important topic that mattered these previous months – the Great Depression.

His expertise in that 1930s event helped him decide measures that have minimize the effects of the current global financial crisis. For full details of these decisions, access two articles issued by Time Magazine, which explains why he was chosen. (Article 1: Person of the Year 2009: Ben Bernanke and Article 2: Person of the Year 2009: To Our Readers: The Good Banker )

The title Person of the Year has been awarded since 1927. It is look upon as an honor because of being associated with many admirable people in the past. However, the title is supposedly given to a man, woman, couple, group, idea, place, or machine that “for better or for worse, …has done the most to influence the events of the year.” In this description, the likes of Adolf Hitler, Joseph Stalin and Ayatollah Khomeini have joined the ranks of Franklin Roosevelt, Mohandas Gandhi, Winston Churchill and Pope John Paul II.