Andrew Mellon, Taxes & the Mellon Plan


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What kind of economist was Andrew Mellon?

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1. What rank did Mellon hold on the richest men in America?

2. What was the general point of Mellon's approach to taxation?

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About This Quiz & Worksheet

Andrew Mellon had very specific ideas of the way taxes should be assessed and collected. In the quiz, you'll be exposed to such topics as Mellon's station in life, his general thoughts on taxation, and the opposition that he faced.

Quiz & Worksheet Goals

In these assessments, you'll be tested on your knowledge of the following:

  • President most dramatically opposed to Mellon's policies
  • How Mellon looked at tax rates in general
  • Where Mellon stood in the ranks of richest men in America
  • How Mellon's economic beliefs could be termed
  • Mellon's theory of taxation on earned wealth

Skills Practiced

The worksheet and quiz give you a chance to practice the following skills:

  • Reading comprehension - Ensure that you gather the most salient information from the related lesson on Andrew Mellon and his beliefs
  • Interpreting information - verify that you can read information regarding Mellon's theories on taxation and interpret it correctly
  • Knowledge application use your knowledge to answer questions about Mellon's philosophy regarding rates of taxation

Additional Learning

To learn more about the nature of Andrew Mellon's theories, read through the accompanying lesson entitled Andrew Mellon: Taxes & the Mellon Plan. The lesson deals with the following objectives:

  • Discuss what Mellon observed about money, taxes, and the attitudes of people that prompted him to develop his theories on taxation
  • Comment on Mellon's accomplishments that caused him to be named Secretary of the Treasury
  • Compare the highest tax rate in Mellon's time with that of today
  • Explain the premise of the Mellon Plan
  • Investigate how Mellon suggested that the middle class would benefit from his plan
  • Examine why Mellon lost popularity during the Great Depression