When Harding hired Mellon, he was installing the most powerful private banker in the country into the most powerful public office in the country. Mellon was the perfect symbol of a… See more

Mellon never had as much control over the private financial system and industry as the elder … See more

Placing power in the hands of business seemed to work. After a brutal recession of the early 1920s, economic growth soared. The unemployment rate for 1925 dropped to 4 percen… See more

It was raining outside, a heavy, soaking rain, matching the gloom in the air. Congressmen crowded the well in the U.S. House of Representatives. There had just been a quo… See more