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Andrew Mellon was one of the major figures who were involved in the industrial and financial development of the Trans-Allegheny region. He was then appointed Secretary of Treasury by President Warren G. Harding in 1921.
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When was Andrew Mellon Building created?
Andrew Mellon Building was created in 1917.
What were Andrew Mellon's strategies for maintaining post-war American prosperity?
Andrew Mellon marketed his strategies for maintaining a postwar American prosperity. His strategy was to cut taxes believing it would ensure financial independence.
Why did Andrew Mellon work to reduce federal tax rates?
Andrew Mellon wanted to have tax rates reduced because lower taxes mean more money is available to expand businesses and add to employment. This was true in Mellon's time and is true today. The Government is an extremely inefficient spender of money. Compared to the private sector, government is less efficient because it does not need to worry about gains or losses.
What was the Mellon plan?
The Mellon Plan was devised by Andrew Melon. It consists of four major points which are: government efficiency, Federal Estate tax reduction, Tax cuts for low incomes and cut top income tax.
What did Andrew mellon believe about high taxes?
He believed that high taxes reduced the money available for private investment and prevented business expansion. Melon further argued that high taxes actually reduced the amount of tax money the government collected.
