Here's a look at the life of Paul Volcker.

Personal: Birth date: September 5, 1927

Birth place: Cape May, New Jersey

Birth name: Paul Adolph Volcker

Father: Paul Volcker Sr., town manager

Mother: Alma (Klippel) Volcker

Marriages: Anke Dening (February 11, 2010-present); Barbara (Bahnson) Volcker (September 11, 1954-June 14, 1998, her death)

Children: with Barbara: Janice Louise, August 20, 1955; James Paul, May 1958

Education: Princeton University, B.A., 1949; Harvard University Graduate School of Public Administration, M.A., Political Economy and Government, 1951; Attended the London School of Economics, 1951-1952

Other Facts: Graduated summa cum laude from Princeton University.

Was the first Henry Kaufman Visiting Professor at the Stern School of Business at New York University.

Professor Emeritus of International Economic Policy at Princeton University.

Chairman of the Group of Thirty, Consultative Group on International Economics and Monetary Affairs, Inc.

Timeline: 1949 and 1950 - Summer research assistant for the New York Federal Reserve.

1951-1952 - Rotary Foundation Fellow at the London School of Economics; chooses not to complete doctoral program.

1952 - Works as an economist in the research department of the New York Federal Reserve.

1953-1957 - New York Institute of Finance faculty member.

1955 - Becomes a special assistant in the New York Federal Reserve securities department.

1957 - Resigns from the New York Federal Reserve to become a financial economist at Chase Manhattan Bank.

1962 - Joins the Treasury Department as Director of the Office of Financial Analysis.

November 17, 1963 - Is appointed Deputy Undersecretary for Monetary Affairs.

1965 - Rejoins Chase Manhattan bank as vice president and director of forward planning.

1969-1974 - Serves as undersecretary of the Treasury for Monetary Affairs.

1975 - Becomes a senior fellow at the Woodrow Wilson School of Public and International Affairs at Princeton University.

August 6, 1979-August 11, 1987 - Chairman of the Board of Governors of the Federal Reserve System.