Andrew W. Mellon facts for kids
Quick facts for kids
Andrew William Mellon
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| 49th United States Secretary of the Treasury | |
| In office March 4 1921 – February 12 1932 |
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| Preceded by | David F. Houston |
| Succeeded by | Ogden L. Mills |
| Personal details | |
| Born | March 24, 1855 Pittsburgh, Pennsylvania, U.S. |
| Died | August 27, 1937 (aged 82) Southampton, New York, U.S. |
| Political party | Republican |
| Spouse | Nora McMullen Mellon |
| Profession | Banker, politician |
Andrew William Mellon (March 24, 1855 – August 27, 1937) was an important American banker and businessman. He also served as the Secretary of the Treasury for a long time, from March 4, 1921, until February 12, 1932. This means he was in charge of the country's money and finances for over ten years!
Contents
Andrew Mellon: Banker and Leader
Andrew Mellon was born in Pittsburgh, Pennsylvania, in 1855. His family was involved in banking and business. As he grew up, Andrew became very skilled in finance. He helped manage and expand his family's bank, the T. Mellon & Sons Bank. He also owned parts of many large industrial companies. These companies made things like aluminum, coal, and oil. This made him a very wealthy and powerful person in America.
America's Money Man
In 1921, Andrew Mellon was chosen to be the Secretary of the Treasury. This is a very important job in the United States government. The Secretary of the Treasury is like the country's chief financial officer. They are in charge of managing the government's money, collecting taxes, and making sure the economy is strong.
Mellon served under three different presidents: Warren G. Harding, Calvin Coolidge, and Herbert Hoover. He was known for his ideas about cutting taxes and reducing government spending. He believed this would help businesses grow and create more jobs. Many people thought his policies helped the American economy during the 1920s, a time often called the "Roaring Twenties."
A Love for Art and Giving Back
Beyond his work in banking and government, Andrew Mellon had a great love for art. He collected many beautiful paintings and sculptures from all over the world. His art collection was one of the largest and most valuable in the United States.
Mellon was also a philanthropist. This means he was someone who gave a lot of his money and time to help others and make the world a better place. One of his biggest gifts was his entire art collection to the American people. This amazing gift helped create the National Gallery of Art in Washington, D.C. Today, millions of people can visit this museum and enjoy the art he collected. He also supported many other charities and educational projects.
Images for kids
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The Mellon National Bank Building, which served as the headquarters of Mellon National Bank after it was completed in 1924
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Time cover, July 2, 1923
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Mellon, second from left, seated next to President Warren Harding during a 1921 Cabinet meeting. -
Portrait photograph of A.W. Mellon, 1924
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President Calvin Coolidge favored Mellon's economic policies
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Mellon on US stamp
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Mellon and his successor as Secretary of the Treasury, Ogden L. Mills
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Mellon Institute of Industrial Research
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The Annunciation by Jan van Eyck (1434) was purchased for the Hermitage by Emperor Nicholas I of Russia in 1850. It was sold to Andrew Mellon in June 1930 for $502,899.
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Andrew W. Mellon Memorial Fountain
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See also
In Spanish: Andrew William Mellon para niños
