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What did Andrew Mellon advocate as Secretary of the Treasury?

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He was considered one of the most important cabinet members in the 1920s, and his unqualified affirmation of capitalism dominated Republican thought. He advocated high tariffs and cuts in government spending and corporate taxes. In his view, low taxes would free up money that could be invested in business and industry to create jobs and improve the economy.

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Get more facts and information about Mellon, Andrew from Gale Encyclopedia of U.S. Economic History at Encyclopedia.com.

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Newspaper article from: Knight Ridder/Tribune Business News ...Rubin himself did over six years as Treasury secretary. He proved...also a tough advocate of fiscal discipline...be made with Andrew Mellon, the formidable...Like Rubin, Mellon came from the...Like Rubin, Mellon kept the dollar...
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