Andrew William Mellon

Description: (Industrialist, Philanthropist)

Andrew Mellon was an American industrialist and philanthropist who also served as the United States Secretary of the Treasury from 1921 to 1932. As an astute businessman he is credited to have provided financial backing to industries in different fields such as oil, shipbuilding, construction, aluminum and steel, etc. He started displaying signs of his greatness at an early age and seemed to possess an acute business sense even as a young boy. Born into a wealthy family with a successful man as a father, he was provided ample opportunities to pursue good education and enter the profession of his choice. He chose to work with his father in his business ventures after college and astounded the senior man with his business acumen as he led the company from one success to another. He expanded the business by investing in several growth oriented industries and secured large interests in companies in the oil, automotive, steel, coal, hydroelectric, and insurance sector. He financed industrialists like Charles Martin Hall and Heinrich Koppers and amassed great fortunes. In fact, he was counted amongst the wealthiest people in the US in the 1920s. Politics was another one of his passions alongside business. He was a very generous man known for his huge contributions to causes like art and science.

Overview

Birthday March 24, 1855 (Aries)
Born In United States
Alternative names Andrew W. Mellon
City Pittsburgh, Pennsylvania
Died on August 27, 1937
Spouse/Ex- Nora Mary McMullen
Parents Thomas Mellon,
Sarah Jane Negley Mellon
Children Ailsa, Paul
Relatives Richard B. Mellon

Did you know

What was Andrew Mellon's role in government? Andrew Mellon served as the Secretary of the Treasury under Presidents Warren G. Harding, Calvin Coolidge, and Herbert Hoover from 1921 to 1932.
What was Andrew Mellon's impact on economic policies? Andrew Mellon was known for advocating for policies that reduced taxes on the wealthy and promoted economic growth, such as the Mellon Plan which aimed to cut taxes on high-income earners.
What was Andrew Mellon's involvement in the banking sector? Andrew Mellon played a significant role in the banking industry through his ownership of Mellon Bank, which later became part of the Bank of New York Mellon Corporation, one of the largest financial institutions in the United States.
How did Andrew Mellon contribute to the art world? Andrew Mellon was a prominent art collector and philanthropist who played a key role in establishing the National Gallery of Art in Washington, D.C. by donating his extensive art collection to the museum.
What was Andrew Mellon's legacy in terms of philanthropy? Andrew Mellon's philanthropic efforts extended beyond art to include donations to educational institutions such as the Mellon Institute of Industrial Research in Pittsburgh, which later merged with Carnegie Institute of Technology to form Carnegie Mellon University.
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