Andrew jackson money looking up
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Andrew jackson bill
Andrew Jackson Wasn’t Always on the $20 Bill
When it comes to the the seventh president of the United States and currency, the ubiquitous $20 bill comes immediately to mind. After all, it’s Andrew Jackson’s best-known portrait in popular culture: an intense man with over-the-top collar, windswept hair and a look of fierce determination in his engraved eyes.
But Jackson wasn’t always king of the twenty: in fact, he got his start on the $10 bill instead.
Before the Federal Reserve got authority to issue bills, bank notes were printed by the National Banking System, which was susceptible to bank runs and financial panics.
To stabilize the system, the government created the Federal Reserve System and redesigned national currency. That was in 1914, and on those first Federal Reserve Notes, Jackson made his debut on the $10.
Andrew jackson money looking up
In 1928, the green busts got reshuffled. Jackson got an upgrade to the $20, and Cleveland, who was on the $20, got bumped all the way up to the $1000. Ham