The United States Treasury Department reintroduces the two-dollar bill as a Federal Reserve Note on Thomas Jefferson's 233rd birthday as part of the United States Bicentennial celebration.
Thomas Jefferson (April 13, 1743 July 4, 1826) was an American statesman, diplomat, lawyer, architect, philosopher, and Founding Father who served as the 3rd president of the United States from 1801 to 1809. He was previously the second vice president of the United States under John Adams and the first United States secretary of state under George Washington. The principal author of the Declaration of Independence, Jefferson was a proponent of democracy, republicanism, and individual rights, motivating American colonists to break from the Kingdom of Great Britain and form a new nation; he produced formative documents and decisions at both the state and national levels.
During the American Revolution, Jefferson represented Virginia in the Continental Congress that adopted the Declaration of Independence. As a Virginia legislator, he drafted a state law for religious freedom. He served as the second Governor of Virginia from 1779 to 1781, during the Revolutionary War. In 1785, Jefferson was appointed the United States Minister to France, and subsequently, the nation's first secretary of state under President George Washington from 1790 to 1793. Jefferson and James Madison organized the Democratic-Republican Party to oppose the Federalist Party during the formation of the First Party System. With Madison, he anonymously wrote the provocative Kentucky and Virginia Resolutions in 1798 and 1799, which sought to strengthen states' rights by nullifying the federal Alien and Sedition Acts.
Jefferson and Federalist John Adams became friends as well as political rivals, serving in the Continental Congress and drafting the Declaration of Independence together. In the 1796 presidential election between the two, Jefferson came in second, which according to electoral procedure at the time, made him vice president to Adams. Jefferson challenged Adams again in 1800 and won the presidency. After his term in office, Jefferson eventually reconciled with Adams and they shared a correspondence that lasted fourteen years.
As president, Jefferson pursued the nation's shipping and trade interests against Barbary pirates and aggressive British trade policies. Starting in 1803, he promoted a western expansionist policy with the Louisiana Purchase which doubled the nation's claimed land area. To make room for settlement, Jefferson began the process of Indian tribal removal from the newly acquired territory. As a result of peace negotiations with France, his administration reduced military forces. He was re-elected in 1804, but his second term was beset with difficulties at home, including the trial of former vice president Aaron Burr. In 1807, American foreign trade was diminished when Jefferson implemented the Embargo Act in response to British threats to U.S. shipping. The same year, Jefferson signed the Act Prohibiting Importation of Slaves.
Jefferson, while primarily a plantation owner, lawyer, and politician, mastered many disciplines, ranging from surveying and mathematics to horticulture and mechanics. He was also an architect in the classical tradition. Jefferson's keen interest in religion and philosophy led to his presidency of the American Philosophical Society; he shunned organized religion but was influenced by Christianity, Epicureanism, and deism. Jefferson rejected fundamental Christianity, denying Christ's divinity. A philologist, Jefferson knew several languages. He was a prolific letter writer and corresponded with many prominent people, including Edward Carrington, John Taylor of Caroline and James Madison. Among his books is Notes on the State of Virginia (1785), considered perhaps the most important American book published before 1800. Jefferson championed the ideals, values, and teachings of the Enlightenment.
During his lifetime, Jefferson owned over 600 slaves, who were kept in his household and on his plantations. Since Jefferson's time, controversy has revolved around his relationship with Sally Hemings, a mixed-race enslaved woman, and his late wife's half-sister. According to DNA evidence from surviving descendants and oral history, Jefferson fathered at least six children with Hemings, including four that survived to adulthood. Evidence suggests that Jefferson started the relationship with Hemings when they were in Paris, some time after she arrived there at the age of 14 or 15, when Jefferson was 44. By the time she returned to the United States at 16 or 17, she was pregnant.After retiring from public office, Jefferson founded the University of Virginia. He and John Adams both died on July 4, 1826, the 50th anniversary of U.S. independence. Presidential scholars and historians generally praise Jefferson's public achievements, including his advocacy of religious freedom and tolerance in Virginia. Historians also admire President Jefferson's peaceful acquisition of the Louisiana Territory from France without war or controversy, in addition to the success of his ambitious Lewis and Clark Expedition. Though modern historians are critical of his involvement with slavery, Jefferson is overwhelmingly ranked as one of the greatest presidents in American history.
The Department of the Treasury (USDT) is the national treasury of the federal government of the United States where it serves as an executive department. The department oversees the Bureau of Engraving and Printing, and the U.S. Mint; these two agencies are responsible for printing all paper currency and coins, while the treasury executes its circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.Established by an Act of Congress in 1789 to manage government revenue, the first secretary of the treasury was Alexander Hamilton, sworn into office on September 11. Hamilton was appointed by President George Washington on the recommendation of Robert Morris, Washington's first choice for the position, who had declined the appointment. Hamilton established the nation's early financial system and for several years was a major presence in Washington's administration. The office is thus customarily referred to as "Treasury", solely, without any preceding article, as a remnant of the country's transition from British to American English during the late 18th century. Hamilton's portrait appears on the obverse of the ten-dollar bill, while the Treasury Department building is depicted on the reverse. The current secretary of the treasury is Janet Yellen, who was confirmed by the United States Senate on January 25, 2021. Jovita Carranza, appointed on April 28, 2017, was the incumbent treasurer, until January 15, 2020, when she left the office.