People of Central Banking

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Thomas Jefferson -  1st Secretary of State and 3rd U.S. President. Opposed a national bank, calling it unconstitutional and immoral.

On the $2 bill and 5¢ coin.

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Alexander Hamilton -  1st Secretary of the Treasury. Designed the national bank to promote economic growth and a strong federal government.

On the $10 bill.

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Nicholas Biddle-  President of the Second Bank (1823–1836) and key opponent of Jackson during the Bank War.

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Henry Clay -  Senator, Speaker of the House, and Secretary of State. Lost the 1832 election amid conflict with Jackson over the Second Bank.

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Andrew Jackson -7th U.S. President. Opposed the Second Bank, vetoed its renewal in 1832, and redirected funds to state banks, resulting in his censure.

On the $20 bill.

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Salmon Chase - Treasury Secretary under Lincoln. Helped create the National Bank Acts and added “In God We Trust” to currency.

On the original $1 and $10,000 bills.

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Grover Cleveland-  22nd & 24th U.S. President. Also Erie County Sheriff, Mayor of Buffalo, and Governor of New York. Blamed for economic struggles and panics of the late 1800s.

On the $1,000 bill.

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Nelson Aldrich - Senator who led the National Monetary Commission and helped design the Federal Reserve system.

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JP Morgan- Financier who used personal funds to stabilize the economy and helped develop the Federal Reserve plan.

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Woodrow Wilson - 28th U.S. President. Signed the Federal Reserve Act of 1913, creating the Federal Reserve System.

On the $100,000 bill (not circulated).