Andrew Mellon was an outstanding person and an extreme benefit to society. Although he was born wealthy, Mellon was hard working and was not content with living an apathetic life. He once said, “strong men have sound ideas and the force to make these ideas effective.” He consistently strived to improve himself and the lives of Americans. Andrew Mellon was self-confident, ambitious, and generous and it is because of these traits that he was able succeed in his many accomplishments. Mellon began his career taking over his father’s bank and eventually making it the leading financial institution for industry in the Pittsburgh area. He made possible and later bought and renamed ALCOA (Aluminum Company of America) and Gulf Company. In addition he was called “the greatest Secretary of Treasury since Alexander Hamilton” for his new economic ideas exhibited it his Mellon Plan, which caused industrial production and the stock market to soar. Andrew Mellon was always self-confident in every decision he made because he knew the great impact he was making on the American people. He believed in himself and stood strong behind the ideas that he supported, especially as Secretary of Treasury. Mellon rejected the progressive philosophy of taxation that said the rich should pay more taxes. Instead, he expressed a philosophy later known as "trickle-down economics." Without a heavy tax burden, the wealthy would invest, create jobs, and eventually everyone would benefit from investors' tax-free profits as prosperity trickled down to the middle class and poor, he argued. Many argue Andrew Mellon was only successful because of his wealth, however, wealth only got him so far and ambition is what enabled him make intelligent business and economic decisions that would drastically improve the economy. His ambition is evident in his decisions with oil. He granted a loan to J.M. Guffey Petroleum Company of Pittsburgh and although he was impressed with the production, he saw problems with the waste and rapid depletion of the oil reserves. The reserves were…
tremendous increase in productivity resulting from technological innovation and the application of scientific management’ this goes against the point that interpretation D suggests that Andrew Mellon was the key figure of the 1920’s boom in America. The reason why scientific management had a bigger impact than Andrew Mellon’s
reforms is because the implementation of mass production saw workers’ pay increased from $710 to $857, whereas Mellon's reforms were based upon the banking in America which…
nearly 4,000 factory employees of the Pullman Company began a wildcat strike in response to recent reductions in wages.
Luna Kellie, was born June 9, 1867, died in Phoenix on March 4, 1940. She became State Secretary of the Nebraska Farmers' Alliance
Andrew Carnegie: November 25, 1835 – August 11, 1919, steel industry
Henry Clay Frick: December 19, 1849 – December 2, 1919, financed the construction of the Pennsylvania Railroad, Worst American CEOs of All Time
as an affable simpleton, campaigned on the simple promise of a "return to normalcy." Normalcy, under the Harding administration, meant a government that was pro-business, anti-tax, and anti-regulation.
Harding's Treasury Secretary, financier Andrew Mellon, cut income tax rates for the wealthiest Americans from 73% to 25%. The capital thus liberated fuelled the skyrocketing stock market and helped the Jay Gatsby’s of the world to achieve an unprecedented level of material affluence, but it also exacerbated…
Freud justified sexual frankness. Flappers.
14. Post WW1. New views. Creativity. Reflected in artistic quality. Patriotism. Materialism and
15. Stock market. Republican Congress tried to thwart such dangerous gambling. Andrew Mellon.
Tax reduction helped the rich people, and the middle class had to deal with it. The national debt
Biology with honors
B.A. in Integrated Science Program, with honors
AWARDS and HONORS
Hollaender Postdoctoral Fellowship (US D.O.E.), 19XX-present.
ARCS Foundation Fellowship, 19XX-19XX
National Science Foundation Graduate Fellowship, 19XX-19XX
Andrew Mellon Foundation Graduate Research Fellowship,19XX Phi Beta Kappa, 19XX
Postdoctoral Research: Environmental Science Division, Oak Ridge National Laboratory, 19XX-present (research adviser: Dr. Stephen H. Smith).
Development of quantitative…
government in 2001.
LegacyA trademark of the dynasty over its 140-plus years has been the remarkable unity it has maintained, despite major divisions that developed in the late 1970s, and unlike other wealthy families such as the DuPonts and the Mellons. A primary reason has been the lifelong efforts of "Junior" to not only cleanse the name from the opprobrium stemming from the ruthless practices of Standard Oil, but his tireless efforts to forge family unity even as he allowed his five sons to operate…
a disgraceful criminal. Not only did this violent act bring attention to the public but also to the Federal Law Enforcement. It brought national attention to President Hoover who demanded Capone be brought to justice. President Hoover demanded Andrew Mellon who was the Secretary of the Treasury, to collect evidence of bootlegging, prostitution rings and gambling but it was no use considering it would have taken five years to convict him of these charges.
Capone had mastered the art of politics…
rift. In 1912 he was a third party candidate for the white house. 1905 he returned the flags to the south after the Spanish-American war. He wrote a four volume book called the Winning of the west, after his time spent on his badland ranch.
* Andrew Carnegie- Paid most of the bills for a group during the war in the Phillippines. He was a paternalistic owner who seemed to believed he knew what was best for his workers during the homestead steel to J. pierpont Morgan. He believed in the acamulation…
10. Dawes plan
12. Hawley-Smoot Tariff
13. Black Friday
14. Muscle Shoals Bill
15. Reconstruction Finance Corporation
16. Bonus Army
Warren G. Harding
Charles Evans Hughes
Albert B. Fall
Harry M. Daugherty
Charles R. Forbes
John W. Davis
Robert La Follette
Alfred E. Smith
I. The Republican “Old Guard” Returns
1. Newly elected President Warren G. Harding had a mediocre mind…
helped finance the Union cause, and Thaddeus Stevens was an important congressional leader. Simon Cameron was the Secretary of War until January 1862.
No man made a greater impression as a state governor during the Civil War than Pennsylvania's Andrew Curtin. At his first inaugural he denied the right of the South to secede and throughout the war was active in support of the national draft. In September 1862, he was the host at Altoona to a conference of northern governors which pledged support…