{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: GREENSPAN CLAIMS PROSPERITY NOT AFFECTED BY SE ASIA PROBLEMS' data-url='/boclips/videos/5c54c1dad8eafeecae155447' data-video-url='/boclips/videos/5c54c1dad8eafeecae155447' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: GREENSPAN CLAIMS PROSPERITY NOT AFFECTED BY SE ASIA PROBLEMS\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatU-S prosperity is not threatened by the problems of Southeast Asia.That's the assessment coming from Federal Reserve Chairman Alan Greenspan. He told members of a Congress panel on Thursday that the crisis is expected to have ...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eU-S prosperity is not threatened by the problems of Southeast Asia.\u003cbr/\u003eThat's the assessment coming from Federal Reserve Chairman Alan Greenspan. \u003cbr/\u003eHe told members of a Congress panel on Thursday that the crisis is expected to have  only a \"modest\" effect on the U-S economy.\u003cbr/\u003eAnd Deputy Treasury Secretary, Lawrence Summers warned that continued U-S  economic health will depend heavily on stability being restored as soon as possible.\u003cbr/\u003eSpeaking to the House Banking Committee in Washington on Thursday, Federal  Reserve Chairman Alan Greenspan -- the chief central banker for the U-S.\u003cbr/\u003eTop of the agenda: the currency crisis in Southeast Asia and its effects elsewhere in  the world, especially in the U-S.\u003cbr/\u003eGreenspan said the problems in overseas markets have had only limited impact on the  U-S economy.\u003cbr/\u003eBut it was vital, he said, for the U-S and others to work together to ensure stability.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"The financial disturbance that have afflicted a number of currencies in Asia do not at  this point, as I indicated earlier, threaten prosperity in this country.  But we need to  work closely with their leaders and the international financial community to assure that  their situation stabilises. It is in the interests of the United States and other nations  around the world to encourage appropriate policy adjustments and, where required,  provide temporary financial assistance.\"\u003cbr/\u003eSUPER CAPTION:  Alan Greenspan, US Federal Reserve Chairman\u003cbr/\u003eDeputy Treasury Secretary Lawrence Summers said it was vital for the state of the U-S  economy that Asian and global stability should be restored as soon as possible.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"While the crisis originated in Asia and has been most acutely felt in Asia to date, the  associated turbulence has clearly affected many other important markets around the  world.  The United States has a very strong stake in the restoration of confidence,  sustainable flows of capital and a return to growth in countries where financial problems  have been most serious.  Equally, we have a strong stake in avoiding further contagion  to other emerging economies.  It is a stake based on the growing importance of these  countries as markets for our exports and it is a stake based on our recognition that a  prosperous, integrating, Asia and a prosperous, integrating global economy are very  much in the strategic interests of this country.\"\u003cbr/\u003eSUPER CAPTION:   Lawrence Summers, Deputy US Treasury Secretary\u003cbr/\u003eGreenspan's comments and those by Summers amount to the most forthcoming official  assessment yet by U-S regulators on the turbulence overseas.\u003cbr/\u003eThe U-S stock market rebounded slightly on Thursday, after experiencing a big sell-off  the day before.\u003cbr/\u003eWashington DC, USA, 13 November 1997\u003cbr/\u003e1.  Various shots of the meeting of the House Banking Committee\u003cbr/\u003e2.  SOUNDBITE: (English) Alan Greenspan, US Federal Reserve Chairman\u003cbr/\u003e3.  Cutaways\u003cbr/\u003e4.  SOUNDBITE: (English) Lawrence Summers, Deputy US Treasury Secretary\u003cbr/\u003e5.  Cutaways\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1997\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ecompanies, economy, countries, interest, business, north america, asia, markets\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 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