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Andrew W. Mellon
Andrew William Mellon, known also as A. W. Mellon, was an American banker, businessman, industrialist, philanthropist, art collector, and politician. The son of Mellon family patriarch Thomas Mellon, he established a vast business empire before moving into politics. He served as United States Secretary of the Treasury from March 9, 1921, to February 12, 1932, presiding over the boom years of the 1…
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business · American businessman and politician (1855-1937) · art collector · diplomat · banker · politician · entrepreneur · finance minister · also Andrew W. Mellon, Andrew Mellon, Andrew William Mellon, A. W. Mellon, Hon. A. W. Mellon, Mellon
Born 24 March 1855 · Died 26 August 1937 · Q446858
51 published statements · 0 followers
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2017· 1 entry
1967· 1 entry
The institute merged with the Carnegie Institute of Technology to form Carnegie Mellon University
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1937· 2 entries
Died 1937-08-26.
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Mellon helped establish the National Gallery of Art
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1936· 1 entry
Mellon presented President Roosevelt with an offer to establish a national art museum to which Mellon would donate his art collection as well as an endowment, while the federal government would pay for the institution's
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1933· 2 entries
Harvey O'Connor published a popular and unfavorable biography, Mellon's Millions
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The federal government launched a tax fraud investigation on Mellon, leading to a high-profile case that ended with Mellon's estate paying significant sums to settle the matter
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1932· 1 entry
Career landmark: United States Ambassador to the United Kingdom (1932–1933).
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1931· 1 entry
Won American Institute of Chemists Gold Medal (1931).
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1929· 1 entry
And in August 1929 the Federal Reserve Board raised the discount rate to six percent
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1928· 5 entries
Campaign: 1928 election.
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“in no other nation, and at no other time in the history of the world, have so many people enjoyed such a high degree of prosperity or maintained a standard of living comparable to that which prevails throughout this country today.”
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Nora Lee resumed the surname Mellon, at the request of her son, Paul
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Responding to increasing fears of the dangers of speculation and a booming stock market, the Federal Reserve Board began raising interest rates
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Mellon stated that "in no other nation, and at no other time in the history of the world, have so many people enjoyed such a high degree of prosperity or maintained a standard of living comparable to that which prevails
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1926· 2 entries
And the country's national debt dropped from $24 billion in early 1921 to $19
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In the "greatest society event that the nation's capital had witnessed" since before World War I, Ailsa married David K
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1925· 1 entry
Under pressure from prohibitionists, Mellon sold his share of the company to a New York grocer
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1923· 2 entries
Mellon and British Chancellor of the Exchequer Stanley Baldwin negotiated an agreement in which Britain promised to pay off the debts over a 62-year period
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Nora married Harvey Arthur Lee, a British-born antiques dealer 14 years her junior
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1921· 5 entries
The provisions of the Revenue Act of 1918 remained in place when Harding took office
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Career landmark: United States Secretary of the Treasury (1921–1932).
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The Treasury Department and the House Ways and Means Committee jointly prepared a bill setting the top marginal rate at the level advocated by Mellon, but opposition in the Senate from progressives like Senator Robert M
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And 1924; lower interest rates contributed to a booming economy, but they also encouraged stock market speculation
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Leaving a power vacuum in Pennsylvania Republican politics
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1914· 1 entry
Mellon became a co-owner of Koppers, which produced a more sophisticated coking oven than the one that had earlier been pioneered by Frick
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1913· 1 entry
When he and his brother, Richard, established the Mellon Institute of Industrial Research as a department of the University of Pittsburgh
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1912· 3 entries
In 1912, Mellon and Nora finally agreed on a divorce settlement, largely on Mellon's terms.
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Signed a consent decree rather than going to trial
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Mellon and Nora finally agreed on a divorce settlement, largely on Mellon's terms
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1911· 1 entry
Mellon convinced the Pennsylvania legislature to amend a law that had required a jury trial in divorce proceedings
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1908· 1 entry
And requested a divorce the following year
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1907· 3 entries
Reorganized the Guffey Company as Gulf Oil and installed William Larimer Mellon Sr
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Mellon and Nora eventually reconciled, and in 1907 she gave birth to a son, Paul.
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As prohibition became more popular across the country, Frick and Mellon removed their names from the distilling license but retained ownership in the company
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1898· 3 entries
And replaced the company's founder and president, Edward Goodrich Acheson, with a Carnegie protege, Frank W
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While traveling with Frick and Frick's wife to Europe, Mellon met Nora McMullen, a nineteen-year-old Englishwoman of Ulster Scots ancestry
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And 1899, and, after a period of courtship, the couple married in 1900
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1895· 1 entry
The Mellons sold their oil interests to Standard Oil
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1891· 1 entry
And he and Richard played a major role in the establishment of aluminum factories in New Kensington, Pennsylvania, and Niagara Falls, New York
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1890· 1 entry
Thomas Mellon transferred his properties to Andrew, who would manage the properties on behalf of himself, his parents, and his brothers
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1889· 2 entries
The dam broke, causing the Johnstown Flood, which killed 2,000 people and destroyed 1,600 homes
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Mellon agreed to loan $25,000 to the Pittsburgh Reduction Company, a fledgling operation seeking to become the first successful industrial producer of aluminum
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1887· 1 entry
Frick, Andrew, and Richard Mellon jointly purchased Old Overholt, a whiskey distillery located in West Overton, Pennsylvania
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1882· 1 entry
Thomas turned over full ownership of the bank to his son, but Thomas continued to be involved in the bank's activities
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1876· 1 entry
Was given power of attorney to direct the operations of the bank
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1873· 1 entry
And 1907, were a necessary part of the business cycle because they purged the economy
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1869· 1 entry
After leaving his judicial position, Thomas Mellon established T
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1859· 1 entry
Won election to a position on the Pennsylvania court of common pleas
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1855· 1 entry
Born 1855-03-24.
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1843· 1 entry
Married Sarah Jane Negley, an heiress descended from some of the first settlers of Pittsburgh
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