How did andrew mellon shifts the direction of united states economic policy.

Andrew Mellon, appointed as Secretary of the Treasury by Warren Harding 29th president. Mellon devised financial strategies called the Mellon Plan, in which was passed by Congress in 1924. The plan reduced taxes on the wealthy and businesses while enabling high tariffs. Cutting government spending and corporate taxes.

Result: Because of this, the policies introduced in the plan allowed for growth and eventually led to a whole lot of stock market investments, (Roaring Twenties )

In All: Mellon was one of the wealthiest people in America. He applied business strategies to the Treasury administration, which formed two new agencies. From that his main goal was to cut taxes, reduce government debt, and balance the budget. In in order to free up money to create jobs and to move the economy through financial prosperity.