Q:

Why is Alexander Hamilton on the $10 bill?

A:

Quick Answer

Alexander Hamilton is on the $10 bill because he was the first Secretary of the Treasury. His proactive stance in running the Treasury Department set many precedents for its role in government. With Benjamin Franklin, he is one of two non-Presidents on U.S. bills.

Continue Reading
Why is Alexander Hamilton on the $10 bill?
Credit: Bill Damon CC-BY-2.0

Full Answer

Because of the great war debt facing the young nation, Hamilton had to be creative in raising revenue. He issued the original U.S. Treasury bonds and levied the first taxes. His belief in a strong federal government led him to establish both the first central bank of the nation and the federal mint. He also encouraged an industrial economy for the country. Alexander Hamilton has appeared on the $10 bill since 1928.

Learn more about Coins & Currency

Related Questions

  • Q:

    What was Alexander Hamilton's economic plan?

    A:

    Alexander Hamilton's economic plan involved setting up a national bank, taxing individuals and the federal government assuming the entire national debt, including the debt of each individual state. He also wanted the country to turn more toward manufacturing and industry than farming, which was the current way of life during that time. The plan was not without controversy, and the national bank was, at one point, deemed unconstitutional.

    Full Answer >
    Filed Under:
  • Q:

    How could you compare and contrast Thomas Jefferson and Alexander Hamilton?

    A:

    Thomas Jefferson and Alexander Hamilton differed in that Hamilton believed in the idea of a strong government with huge oversight with voters limited to those of appropriate educational backgrounds, while Jefferson believed in the idea of a small government with minimal oversight and with common men as voters. The two politicians were responsible for the creation of the Federalist (Alexander Hamilton) and the Anti-Federalist (Thomas Jefferson) parties.

    Full Answer >
    Filed Under:
  • Q:

    What led to the duel between Alexander Hamilton and Aaron Burr?

    A:

    The events that led to the duel between Alexander Hamilton and Aaron Burr include Hamilton’s support for Thomas Jefferson as president in 1800 and Hamilton’s public criticism of Burr during the 1804 New York gubernatorial race. Hamilton and Burr had opposing political views and belonged to different parties.

    Full Answer >
    Filed Under:
  • Q:

    What are some ways to have commemorative coins appraised?

    A:

    Commemorative coins can be appraised through appraisers, dealers or retailers, according to the American Society of Appraisers, PCGS and U.S. Department of the Treasury websites. The U.S. Treasury does not appraise coins, but it provides additional information and links to outside resources.

    Full Answer >
    Filed Under:

Explore