Treasury Ramps Up Racial Equity Review as It Deploys Relief Funds
The review follows an executive order signed by President Biden requiring federal agencies to pursue racial equity and to support underserved communities in their policies and programming.
The initiative is expected to be led by Adewale Adeyemo after he is confirmed as deputy Treasury secretary.Credit.Pool photo by Greg Nash
March 17, 2021
WASHINGTON The Treasury Department is moving ahead with a formal racial equity review of the agency and its programs, putting in place an effort to ensure that economic fairness is prioritized throughout the Biden administration as it begins to disburse $1.9 trillion in relief money.
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As the young American economy began to flourish in the early 19th century, deposits of silver bullion at the
United States Mint increased. The hiatus of the silver dollar beginning in 1804 meant that the half dollar was the largest silver denomination available, and it was embraced as the backbone to commerce for the three decades to follow. From a start of just 750,000
Capped Bust half dollars struck in 1807, mintages quickly rose into seven figures. By 1825, mintages had twice surpassed two million and nearly three million would be struck for 1825. Even so, the vast majority of these pieces were placed into circulation, saw heavy use, and were melted over the following century.