Mellon vs. Churchill: The Untold Story of Treasury Titans at War
Britain owed America a fortune after the First World War, and two finance ministers spent a decade fighting over it.
Jill Eicher tells the story of the war-debt negotiations through Andrew Mellon, the American Treasury Secretary and one of the richest men alive, and Winston Churchill, then Chancellor of the Exchequer. The dispute shaped interwar finance and the resentments that followed, and Eicher draws on both men’s papers to show how personal the argument became.
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Tyler Cowen
And Jill Eicher, Mellon vs. Churchill: The Untold Story of Treasury Titans at War.
Source · March 2025
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