Finally… A Woman Chosen for the US $20 Bill, Plus New Faces For the $10 and $5

What's Hot

2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

The decision about how to update U.S. money followed intense political debate over race and gender -- and may also have been influenced by a new musical.

U.S. Treasury Secretary Jack Lew announced Wednesday that a major redesign of the nation’s paper money will place women in prominent positions.

After a 10-month study, Lew announced Harriet Tubman would be on the face of the $20 bill, pushing Andrew Jackson to the back. (Before you get upset that she wasn’t a president, neither was Alexander Hamilton who is on the $10 bill, nor was Benjamin Franklin who graces the $100. And before you get upset that she wasn’t one of the founding fathers, neither was Jackson.)

Initially, it had been suggested that a woman would be placed on the $10 bill, displacing Alexander Hamilton. However, due perhaps in part to the popularity of “Hamilton” the Pulitzer-prize winning musical about the first Treasury Secretary, he will stay put. The back of the bill will change, however. Where there is currently an image of the Treasury Building, there will instead be an image of a 1913 march by women’s suffragists which ended at the building.

As the Treasury secretary was mulling the decision over the $10, there was a grassroots movement led by a group called Women on 20s, which advocated for the $20 bill to be dedicated exclusively to women. In part, the movement was about honoring the role of women in American history and in part it was about replacing the image of Andrew Jackson, a president who is now reviled by some for brutal policies towards Native Americans and for owning slaves.

Three candidates who took the top spots in the Women on 20s vote were civil rights activist Rosa Parks, former first lady Eleanor Roosevelt and Harriet Tubman, who was instrumental in helping African American escape slavery.

Cherokee Nation Chief Wilma Mankiller was also added to the final ballot, according to Women on 20s, “because of strong public sentiment that people should have the choice of a Native American to replace Andrew Jackson.”

For more on the evolution of this debate over updating the currency, see our previous coverage:

The $5 bill will also get a makeover on the rear. Abraham Lincoln will remain on the front — but the opposite side, where the current bill shows the Lincoln Memorial, there will be images of Marion Anderson, a black opera star who performed there after being forbidden from taking the stage at Constitution Hall. She will share the rear with Eleanor Roosevelt, who helped arrange that show, and Martin Luther King, Jr. who delivered his ‘I Have a Dream” speech at the Lincoln Memorial.

The last woman to appear on paper money was Martha Washington in 1891.

Final designs are likely to be unveiled in 2020 (unless the next president scraps the plan) with the bills going into circulation later in the decade.

What are your impressions of the choices that Treasury announced for the updated currency. Share your thoughts in comments below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 8 Secret Ways to Save at Walmart

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,001 more deals!