Unlike other famously strong Presidents, Jackson defined himself not by enacting a legislative program but by thwarting one. In eight years, Congress passed only one major law, the Indian Removal Act of 1830, at his behest. During this time Jackson vetoed twelve bills, more than his six predecessors combined.

The job of the executive branch is to execute the laws of the United States, Jackson became the first president to determine what laws he will execute and which he will not. By doing this Jackson expanded presidential power by demonstrating that the executive can get away with not enforcing a law.

Known as the “people’s president,” Jackson destroyed the Second Bank of the United States, founded the Democratic Party, supported individual liberty and instituted policies that resulted in the forced migration of Native Americans. He died on June 8, 1845.

In response to the elitism of the Founding Fathers, Andrew Jackson shaped his legacy as a political rebel and devoted representative of the common man. Today, that legacy has become a source of controversy. His advocates view him as a hero who promised to maintain democratic tradition and protect American values.

His leadership in that conflict earned Jackson national fame as a military hero, and he would become America’s most influential–and polarizing–political figure during the 1820s and 1830s. As America’s political party system developed, Jackson became the leader of the new Democratic Party.

Andrew Jackson hated the National Bank for a variety of reasons. Proud of being a self-made “common” man, he argued that the bank favored the wealthy. As a westerner, he feared the expansion of eastern business interests and the draining of specie from the west, so he portrayed the bank as a “hydra-headed” monster.

Andrew Jackson first appeared on the $20 bill in 1928. The placement of Jackson on the $20 bill may be a historical irony; as president, he vehemently opposed both the National Bank and paper money and made the goal of his administration the destruction of the National Bank.

Alexander Hamilton

Her image would replace Andrew Jackson, the notoriously racist President, known both for owning hundreds of slaves and for his brutal and genocidal policy of Indian removal. Based on current designs, a statue of Jackson would remain on the back of the bill, while Harriet Tubman would grace the front.

The $2 bill has not been removed from circulation and is still a circulating denomination of United States paper currency. The Federal Reserve System does not, however, request the printing of that denomination as often as the others.

In 1928, the Treasury Department reduced the size of paper currency to the standard size it is today. Although most bills are not incredibly rare, there are a few two-dollar bills that are more valuable than others….Series of 1963 to 1963-A, Red Seal Left Side.

Robert Morris

Look for the following symbols or patterns that can indicate a valuable 2-dollar bill:

1. Palindromes – Also called “radar notes,” these serial numbers read the same whether you look at them backwards or forwards.
2. Repeated numbers – If the serial number repeats, this is rare and more valuable.

But here’s the thing, the $2 bill saved the government a bunch of money. “It’s more cost-efficient to print twos instead of ones,” Bennardo says. “You can print half as many twos and get the same dollar amount.” Today, for example, it costs about 5 cents to make a dollar … and it costs the same amount to make a 2.

BILL CLINTON

President Jackson

The $100 note features a portrait of Benjamin Franklin on the front of the note.

President Abraham Lincoln

$100

President Grant

Statesman, inventor, diplomat, and American founding father Benjamin Franklin has been featured on the obverse of the bill since 1914. On the reverse of the banknote is an image of Independence Hall in Philadelphia, which has been used since 1928.

The $10,000 bill featuring the portrait of President Lincoln’s Secretary of the Treasury, Salmon P. Chase, was the highest denomination US currency ever to publicly circulate.

In contrast to commodity-based money like gold coins or paper bills redeemable for precious metals, fiat money is backed entirely by the full faith and trust in the government that issued it. One reason this has merit is because governments demand that you pay taxes in the fiat money it issues.

The short answer is inflation. Historically, when countries have simply printed money it leads to periods of rising prices — there’s too many resources chasing too few goods. Often, this means every day goods become unaffordable for ordinary citizens as the wages they earn quickly become worthless.