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A Woman To Appear On $10 Bill For The First Time In Over A Century - Business - Nairaland

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A Woman To Appear On $10 Bill For The First Time In Over A Century by skultrick(m): 10:33am On Jun 20, 2015
For the first time in more than a century, a
woman will finally get space on the nation’s
paper currency but she may have to share it
with a man.
The $10 bill, up for a redesign in 2020, will
feature a female face, Treasury Secretary
Jack Lew announced Wednesday. He’s also
considering keeping Alexander Hamilton, the
current resident of the bill and the nation’s
first Treasury secretary, on some of the
notes.

The decision to change the ten-spot came as
feminist groups have been pushing for a
woman on the currency in 2020 to mark the
100th anniversary of the 19th Amendment,
which gave women the right to vote. Sharing
space with Hamilton who not only conceived
the nation’s financial system but also served
as a protagonist in the nation’s first sex
scandal wasn’t exactly what they had in
mind.

A nonprofit organization, Women On 20s
(Slogan: “A woman’s place is on the money”),
has been campaigning instead to get rid of
Andrew Jackson, the nation’s seventh
president, whose face appears on the $20
bill. Jackson’s record of removing Native
Americans from their land and his opposition
to the central banking system made him a
good candidate to be yanked, they’ve argued.
Harriet Tubman was the winner of a poll the
organization conducted to determine which
woman should replace Jackson.
U.S. currency has rarely undergone major
redesigns, but in 2013, the $10 bill was
chosen for a remake partly to beef up
protections against counterfeit threats, the
Treasury said.

Lew said putting a woman on a bill had been
under consideration well before his tenure at
Treasury began, and President Barack
Obama endorsed the idea last year, when he
called it a “pretty good idea” during a July
speech about the economy in Kansas City.
The Obama administration will be considering
nominations of prominent women in U.S.
history over the coming months and expects
to announce its selection at the end of the
summer, the Treasury said.

Lew said it was “personally very important” to
him to preserve Hamilton’s place of honor on
the $10. So whether it’s by printing $10s with
different faces, or with multiple portraits on a
single one, the woman will have to share with
Hamilton.
In fact, Hamilton shared his bed with more
than one woman making him one of the first
subjects of a political sex scandal.
While his wife, Elizabeth, and kids were
staying with relatives, Hamilton began an
affair with a young woman named Maria
Reynolds in 1791. He was secretary of the
Treasury at the time, and Reynolds and her
husband started extorting money from
Hamilton. Hamilton eventually confessed to
the affair in full detail in a pamphlet that also
featured letters between him and his
mistress.

source: http://nigeriainfohub.com/a-woman-to-appear-on-10-bill-for-the-first-time-in-over-a-century/

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