
There was even a $100,000 bill featuring Woodrow Wilson, worth over $1.6 million in today's dollars. I'm not completely clear on how the money supply actually works, but I don't imagine that even pre-computer, it was ever necessary to account for every dollar in bill form. I can't imagine what the point of printing bills that big was.
In any case, I don't think the Reagan proposal is taken very seriously, but I do find the "culture war" angle of it to be interesting. Why replace Grant rather than, say, Hamilton on the $10 bill, or Jackson on the 20? You could even go after Franklin on the 100 who, like Hamilton but unlike Grant, wasn't even a president.
Grant won the Civil War for the north. Reagan scored a victory in the Culture War for the south. It's that eternal struggle: Neil Young vs. Lynyrd Skynyrd:
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