What You Need To Know:
The Biden Administration announced its plan to return to an Obama-era initiative to put Harriet Tubman’s face on the U.S. $20 bill. Her image would replace Andrew Jackson, the notoriously racist president, known both for owning hundreds of slaves and for his brutal and genocidal policy of Native American removal. What better time in history than now to witness greatness displayed on our country’s currency?
Why We Need To Know:
The decision to have Tubman replace Jackson on the face of the $20 bill began in 2016 by the Treasury secretary at the time, Jacob Lew. President Donald Trump opposed the idea, and his Treasury secretary, Steven Mnuchin, stopped work on that part of the currency redesign, arguing that adding new security features to the money was a more urgent priority. Mnuchin said that currency notes with new imagery could not be put into circulation until 2028, and that a future Treasury Secretary would make the call whether to replace Jackson.
Biden’s Treasury Secretary Janet Yellen plans to accelerate the timeline set forth by the previous administration. However, a statue of Jackson would remain on the back of the bill, while Harriet Tubman would grace the front. Many Americans across the country are excited about this tribute to Tubman. They view it as progress and a long-overdue disruption of the American Founding Fathers’ narrative.