On June 22, the debate about whether or not a woman should replace Andrew Jackson on the $20 bill took an unexpected turn when Jack Lew, the Secretary of the Treasury, announced that a woman would replace Alexander Hamilton on the $10 bill, instead.
As you know, Alexander Hamilton was the first treasury secretary and is widely considered to be the architect of the nation’s financial system. During the Revolution, he served as General George Washington’s chief aide.
After the war, Hamilton founded the Federalist Party and co-authored “The Federalist Papers,” one of the most influential and important works in the history of political discourse. You can read more about Hamilton’s many contributions to our country, as well as his death at the hands of Aaron Burr.
Several prominent figures derided Lew’s decision. Ben Bernanke, the former Chairman of the Federal Reserve, wrote in his blog for the Brookings Institution that:
Hamilton… would qualify as among the greatest of our founders for his contributions to achieving American independence and creating the Constitution alone. In addition to those accomplishments, however, Hamilton was without doubt the best and most foresighted economic policymaker in U.S. history.
What are your thoughts about this ongoing debate? Should a woman replace Jackson or Hamilton, or are there other alternatives that you would like to propose?
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