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Posts tagged as “U.S. Treasury”

Lady Liberty Depicted as a Woman of Color on U.S. Currency for 1st Time

By goodblacknews on January 13, 2017


article via nbcwashington.com
For the first time in American history, Lady Liberty will be portrayed as a woman of color on United States currency, NBC News reported. In celebration of the U.S. Mint and Treasury’s 225th anniversary, the new $100 coin was unveiled on Thursday featuring Lady Liberty as a black woman.
Since the passage of the Coinage Act in 1792, all coins are required to feature an “impression emblematic of liberty,” in either words or images. Until the new coin designed by Justin Kunz was unveiled, Lady Liberty had always been depicted as a white woman.
The coins will cost $100 each and will be available to the public on April 6.


Source: For the First Time, Lady Liberty Depicted as a Woman of Color on US Currency | NBC4 Washington

Harriet Tubman Officially Chosen as New Face of $20 Bill, Replacing Andrew Jackson

By goodblacknews on April 20, 2016
article by Samantha Masunaga via latimes.com
Harriet Tubman will replace President Andrew Jackson on the front of the $20 bill, a Treasury Department official said Wednesday.
The official did not give a timetable for the change, saying only that the department is looking to make it as quickly as possible without compromising security.
The news deviates from Treasury Secretary Jack Lew’s original plan, which was unveiled last summer. Lew’s plan involved changing the $10 bill, not the $20; the department planned to put a woman on the $10 bill by 2020, in time for the 100th anniversary of the passage of the 19th Amendment, which gave women the right to vote.
The $10 bill currently features Alexander Hamilton, the nation’s first Treasury secretary. In June, Lew said that either Hamilton would share the bill with a woman or the Treasury would release two different bills.

The Treasury Department official did not comment Wednesday morning on any planned changes for the $10 bill.
Lew’s original plan to change the $10 suffered backlash from several directions. Many who objected said the only woman on the nation’s paper currency should be featured alone on the bill, rather than sharing space with a man. Some said the $20 bill should be changed instead, as its ubiquity in ATMs gives it a much higher profile than the $10.
Some objected to the plan because of the historical figures involved: Hamilton played key roles in founding the nation and establishing the Treasury, whereas Jackson was a slave owner whose policies led to the deaths of countless Native Americans, and he opposed having a U.S. central bank. And Hamilton’s popularity has grown in the past year with the success of “Hamilton,” the blockbuster Broadway musical chronicling his life.
To read more, go to: http://www.latimes.com/business/la-fi-harriet-tubman-20-bill-20160420-story.html