On The Money: A History Of American Currency [rebroadcast]

BackStory

History, Education

4.5 • 2.9K Ratings

🗓️ 29 April 2016

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

This month, the U.S. Treasury announced that Harriet Tubman would replace Andrew Jackson on the front of the $20 bill. In this episode, we evaluate America’s relationship with money, exploring the transformations of currency over the centuries. The Guys and their guests discuss the profusion of currencies in the past, and consider how Americans decided which ones to trust.

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Transcript

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0:00.0	This is backstory. I'm Ed Ayers.
0:02.8	Harriet Tubman is set to replace
0:04.6	Andrew Jackson on the $20 bill with
0:07.0	several other American women gracing
0:08.7	the backs of new five and $10 bills.
0:11.0	Here's US Treasury Secretary Jacob
0:13.3	Lou explaining the changes.
0:15.4	We have to remember all of our history,
0:17.2	the history of the contributions of men,
0:19.6	and the history of the contributions of women.
0:22.4	But compared to the past,
0:24.8	these are relatively minor changes.
0:27.0	On the eve of the Civil War, for example,
0:29.3	the US currency needed a real overhaul.
0:32.5	There are by this point 10,000 different kinds of money
0:36.5	in circulation, paper money.
0:38.6	Never mind all the different coins in the rest.
0:41.3	Today on backstory, the changing meaning of money
0:44.0	in American history, including the hidden link
0:46.7	between the gold standard and white supremacy
0:49.4	in the late 19th century.
0:51.8	A history of American money coming up on backstory.
	...

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