Andrew Mellon Quotes


I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.


Citations

Mellon, Andrew W. Quoted in "Treasury Head Says 1930 Will Be Normal." The New York Times, 1 Jan. 1930, p. 1.

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Andrew Mellon
Andrew Mellon
  • Born: March 24, 1855
  • Died: August 26, 1937
  • Nationality: American
  • Profession: Businessman

Andrew William Mellon, sometimes A.W., was an American banker, businessman, industrialist, philanthropist, art collector, and politician. From the wealthy Mellon family of Pittsburgh, Pennsylvania, he established a vast business empire before transitioning 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 1920s and the Wall Street crash of 1929. A conservative Republican, Mellon favored policies that reduced taxation and the national debt in the aftermath of World War I.