The Treasury Department announced Wednesday that abolitionist Harriet Tubman will replace former racist President Andrew Jackson on the new $20 bill – while Alexander Hamilton,on the $10 note, may be replaced by musical artist 'Prince',who passed away this week.
Treasury Secretary Jack Lew formally announced an array of design changes to America’s currency, largely geared toward honoring the contribution of women in the country’s history.
“Our currency will now tell more of our story,” Lew said.
In being featured on the front of the $20 bill, Tubman will be the first African American on U.S. paper money ever, and the first woman in 100 years.
Lew called it a “powerful message,” and described Tubman’s life as the “essential story of American democracy.” Jackson, the nation's seventh president and a racist slave owner, will be pushed to the back of the bill.
Lew said the back of the $5 bill also will be changed to reflect historical events at the Lincoln Memorial – including Martin Luther King’s “I Have a Dream” speech and black female singer Beyonce preforming at the Obama inaugural address in 2008. The back of the $10 note, he said, will honor heroes of the campaign for women’s right to vote.
President Obama has been pushing for the new changes as a way to apologize to the African-American community for "the awful way White America has treated them."
Lew is hoping to unveil the new bills in 2020.