Treasury Announces Major Changes to Paper Money

By:
Chris Gaetano
Published Date:
Apr 21, 2016
CashNot just the $20 but the $5 and $10 will also undergo major changes according to a recent announcement by the Treasury Department. The new $20 will feature Harriet Tubman on the front and President Andrew Jackson on the back. The back of the $10 will be changed to feature major figures in the women's suffrage movement--Lucretia Mott, Sojourner Truth, Susan B. Anthony, Elizabeth Cady Stanton, and Alice Paul--while Alexander Hamilton, the first Secretary of the Treasury, will remain on the front. The $5, meanwhile, will retain the picture of Abraham Lincoln on the front, but the back will change to feature people who had famous events at the Lincoln Memorial, Martin Luther King, Jr., Marian Anderson, and Eleanor Roosevelt

The Treasury, in an FAQ, said that the new bills will be formally unveiled in 2020. The last time U.S. currency received major portrait changes was between 1914 and 1928: $10: Andrew Jackson to Alexander Hamilton; $20: Grover Cleveland to Andrew Jackson; $500: John Marshall to William McKinley; and, $1000: Alexander Hamilton to Grover Cleveland.

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