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The 1920s

The 1920s

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Andrew Mellon in The 1920s

Andrew Mellon (1855-1937) was a millionaire financier who served as Secretary of the Treasury for eleven years under Republican presidents Harding, Coolidge, and Hoover.

As Treasury Secretary, Mellon pushed through a series of large tax cuts for the wealthy, freeing huge sums of capital for reinvestment in the booming stock market. During the Roaring Twenties, Mellon was regarded as a genius of rapid economic growth; after the Great Crash, however, he was blamed by many for unwisely promoting wealth inequality and an unsustainable financial bubble.

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