3 years ago

PLEASE HELP!!! 1. What changes did Andrew Mellon make as Secretary of the Treasury?

History

1 answer:

Setler [38]3 years ago

8 0

Answer:

Andrew Mellon reduced taxes, increased revenue and managed to lower the state's debt to Europe.

Explanation:

Andrew Mellon was secretary of the treasure, between 1921-1932. His policies were to reduce the tax rates to strengthen the collection of the State (he said that before high taxes, investors preferred to evade them).

He lowered income tax rates (capital tax) and kept it progressive, helping the middle and lower classes.

These policies will help increase state revenue and lower public debt to Europe

Hope it helps!

Regards,

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