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
Using the four passages and your own knowledge, assess the view that the impact of the First World War was the main reason for the booming economy in the USA in the 1920’s (40 Marks)
I believe that the First World War did not have as much of a significant impact on the American economy as mass production, infact i however see that instead of benefiting the economy the War in fact had the reverse effect to that of which interpretation A and C suggest that the war was the most important factor of…
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…
1. Germany sunk American ships that ignored the warning and transported arms to the allies.
2. A war to end war. Crusade for democracy.
3. Remove economic barriers. An adjustment of colonial claims. Abolish secret treaties.
4. Propaganda. Patriotism.
5. Anti German and Anti Anti War hysteria. No freedom of speech.
6. Decentralized. The government put its hands off.
7. Labor was rewarded in return of its support for the war.
8. Women took charge of work. Advocated suffrage.
9. Civilians had…
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…
11 March 2014
The alluring 1920’s are remembered as the “Roaring Twenties,” an era of miraculous growing affluence influenced by the most notorious gangsters who contributed to the booming of our economy. Al, Capone, born Alphonse Capone, was the most prominent gangster around the 1920’s who was well known for bootlegging, the manufacturing and distribution of alcohol into the states during prohibition in which alcohol was banned. Prohibition…
The combined wealth of the family – their total assets and investments plus the individual wealth of its members – has never been known with any precision. The records of the family archives relating to both the family and individual members' net worth is closed to researchers.
From the outset, and even today, the family wealth has been under the complete control of the male members of the dynasty, through the family office. Despite strong-willed wives who had influence over their husbands'…
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…
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…
HIST 1493—AMERICAN HISTORY from 1865 to the Present
Unit One Notes
* Edwin Stanton- Secretary of war. He was in agreement with the radical republicans on the reconstruction. President Johnson called him a traitor and no longer wanted him in his cabinet.
* Benjamin Wade- Ohio republican, was the President pro tempore of the United States senate in 1868. With the removal of President Johnson he was next to become president.
* Ulysses S. Grant-Leader…