Andrew Mellon

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Andrew Mellon (1855-1937), American Secretary of the Treasury 1921-1932, American ambassador to 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]

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.


See also


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References

  1. ↑ http://www.treas.gov/education/history/secretaries/awmellon.shtml Mellon's philosophy.