In the 1920s,Secretary of the Treasury Andrew Mellon succeeded in
A) eliminating half of the WWI debt.
B) cutting taxes on corporate profits and personal incomes.
C) All these answers are correct.
D) both eliminating half of the federal debt and dramatically trimming the federal budget.
E) dramatically trimming the federal budget.

Question

Quizplus · Accepted Answer

Andrew Mellon, serving as the Secretary of the Treasury during the 1920s, implemented policies that led to significant financial changes. He was instrumental in reducing taxes on both corporate profits and personal incomes, which was part of his broader economic strategy. Additionally, Mellon's efforts in fiscal management resulted in the elimination of nearly half of the World War I debt and a dramatic reduction in the federal budget. These accomplishments collectively reflect the broad impact of his policies during that era.

In the 1920s,Secretary of the Treasury Andrew Mellon Succeeded in