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…
Andrew Jackson, Seventh President of the United States of America. Jackson was the dormant actor in American politics between Thomas Jefferson and Abraham Lincoln. Born to obscure parents and orphaned in youth, he was the first “self-made man” and the first westerner to reach The White House. Jackson was born in the backwoods settlements in the Carolina in 1767, he received very little education. In his late…
Period 7 APUSH
The age of Andrew Jackson was a booming age with a lot of brust added to the economy, age of shifts in to cities, reform movements, the abolitionist crusade, and the "great southern reaction" in defense of slavery. Despite all this giving him his popularity Jackson was also a reviled man. He enjoyed fighting duels, had a passion for horse racing and cock fighting and worst of all his fiery temper was out of control and came at pretty…
There have been many types of leaders in our nation’s past. Under President Andrew Jackson’s term, Jackson showed different sides of himself to the people. He was known as a democratic leader who stood up for the people. At the same time he was consider as a dictatorial leader who believed he was above our constitution. When Jackson’s past is reflected upon, there is evidence of both democratic and dictatorial leadership traits.
As a democratic leader Jackson tried to reform…
Chief Information Officer Institute
CARNEGIE MELLON CIO INSTITUTE
Global competition, open innovation, unstructured data, and many other drivers are placing
unique demands on the role of the IT executive. Data driven decision-making, across the
organization, is shedding new light on the competitive advantage IT plays in determining strategy.
As IT shifts from functional and reactive to strategic and
proactive, education will play an increasingly important role.
To stay current, IT executives…
I go. I know Carnegie Mellon will provide that because those accepted work together and also support each other throughout their four years together.
Carnegie Mellon is my #1 choice for musical theatre because I want to learn from its distinguished faculty. Carnegie Mellon takes great care in giving individualized time to its students, allowing each student to develop his or her own voice, which is vital to any student pursuing musical theatre. Furthermore, Carnegie Mellon gives a wide range 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
2 July 2013
English 1 6pm
2 July 2013
Andrew Literacy Dive
At a very early age I was taught how important it was to read and write. The path they took in my life was a very different story all together. Growing up I had a very challenging time focusing on the topics and tasks I was reading and writing about. I had some very big factors in my abilities to read and write some good some not so great. These things…
Andrew Carnegie: Gospel of Wealth
During the Gilded era, there was much concern over the administration of wealth between the rich and the poor. One of the richest men of this time was the extremely successful Carnegie Steel owner, Andrew Carnegie. The less wealthy of society believed they deserved more of the riches the wealthy had earned. Granted that the majority of the wealth was held by few (the successful business owners such as himself), Carnegie proposed the idea of administering…
Man of the Hour
A man known for his legacy, his success, starting poor and working his way into becoming one of the most “influential Philanthropist” across the world. Andrew Carnegie started as just an immigrant coming across to America with little to no money in his pockets. Little did everyone know, his drive for success would lead him to become one of the most successful entrepreneurs to ever live and founded a legacy that will never die in the Carnegie Steel Company.
Bank of NewYork Mellon Corp
June 30, 2010
Asset Management and
US $31.39 billion
52 Week Price range
Projected 2012 P/E
Projected 2012 EPS
Financials will be the leading industry…