Difference between revisions of "Andrew Mellon"
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[[Image:Andrew mellon stamp.jpg|right|thumb|US postage stamp commemorating Andrew Mellon]] | [[Image:Andrew mellon stamp.jpg|right|thumb|US postage stamp commemorating Andrew Mellon]] | ||
| − | '''Andrew W. Mellon''' (Pittsburgh 1855 - Southampton, New York 1937), | + | '''Andrew W. Mellon''' (Pittsburgh 1855 - Southampton, New York 1937), Served as [[United States Secretary of the Treasury]] from 1921-1932, American ambassador to Great Britain 1932-1933, co-endower and co-eponym of [[Carnegie Mellon University]], art collector, financier and philanthropist, founder and endower National Gallery of Art. |
He was appointed Secretary of the Treasury by President [[Warren G. Harding]] in 1921. | He was appointed Secretary of the Treasury by President [[Warren G. Harding]] in 1921. | ||
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''His theory was that big business would prosper in proportion to the lightening of its tax load and its profit, would be transferred to the rest of the nation.''<ref>[http://www.treas.gov/education/history/secretaries/awmellon.shtml Mellon's philosophy.] </ref> </blockquote> | ''His theory was that big business would prosper in proportion to the lightening of its tax load and its profit, would be transferred to the rest of the nation.''<ref>[http://www.treas.gov/education/history/secretaries/awmellon.shtml Mellon's philosophy.] </ref> </blockquote> | ||
| + | Mellon served under three Presidents as Secretary of the Treasury, during which time he reduced U.S. debt by 9 billion dollars.<ref>The New American Desk Encyclopedia, Penguin Group, 1989</ref> | ||
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Mellon ranked, at the time, as one of the richest people in the world. | Mellon ranked, at the time, as one of the richest people in the world. | ||
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| + | His vast art collection formed the basis of the [[National Gallery of Art]]. | ||
The Andrew W. Mellon Foundation was formed on June 30, 1969. The Foundation philosophy is to build, strengthen and sustain institutions and their core capacities. | The Andrew W. Mellon Foundation was formed on June 30, 1969. The Foundation philosophy is to build, strengthen and sustain institutions and their core capacities. | ||
Revision as of 22:06, July 23, 2007
Andrew W. Mellon (Pittsburgh 1855 - Southampton, New York 1937), Served as United States Secretary of the Treasury from 1921-1932, American ambassador to Great Britain 1932-1933, co-endower and co-eponym of Carnegie Mellon University, art collector, financier and philanthropist, founder and endower National Gallery of Art.
He was appointed Secretary of the Treasury by President Warren G. Harding in 1921.
His theory was that big business would prosper in proportion to the lightening of its tax load and its profit, would be transferred to the rest of the nation.[1]
Mellon served under three Presidents as Secretary of the Treasury, during which time he reduced U.S. debt by 9 billion dollars.[2]
Mellon ranked, at the time, as one of the richest people in the world.
His vast art collection formed the basis of the National Gallery of Art.
The Andrew W. Mellon Foundation was formed on June 30, 1969. The Foundation philosophy is to build, strengthen and sustain institutions and their core capacities.
Writings
- Taxation: The People's Business, 1924.
See also
External links
- Secretaries of the Treasury History of the Treasury
- The Andrew W. Mellon Foundation
- Andrew W. Mellon Encyclopædia Britannica.
References
- ↑ Mellon's philosophy.
- ↑ The New American Desk Encyclopedia, Penguin Group, 1989