The penny is the Unites States’ lowest denomination coin, and there are some people who believe it should be abolished. On the other hand, there are people who advocate for the penny to keep its place in our economy and I couldn't agree more. The penny may be annoying, but it plays an important role in our economy, is popular among most people, and is an important piece of symbolism. Some say that the penny is completely useless, and though it may seem that way, the penny is probably way more important than many people realize. Pennies are rarely made of copper anymore, but instead, mainly zinc. In his “Ban the Penny” article, Mark Lewis recognizes the penny argument and states “But the penny has its fans, especially in Tennessee, which is rich in zinc.” (Source A). Tennessee makes …show more content…
The penny has not always had Abraham Lincoln on it, but it has always had the word “liberty’’ on the front.(Source G). The United States is known for being a place of “liberty and justice for all’’,and when Lincoln graced the face of the coin in 1909 the symbolism of the penny only grew stronger. There is no better way to portray liberty than to put the man who freed the slaves on our precious penny. Some say that “the penny is perhaps the most visible and tangible reminder of Lincoln’s significance in American history.(Source F). The world we live in today is filled with topics of controversy and the penny is just one of many. Some argue that the penny is useless and more trouble than it’s actually worth so we should abolish it. While it’s true that the penny can be a pain, it’s not true that the penny is useless. The penny helps Tennessee capitalize from zinc , was voted to stay in circulation by the majority of people, and commemorates the great Honest Abe. So those who argue that the world would be better without the low denomination coin just don’t know it’s
Others may still believe that the penny should be minted and distributed because it is a part of American history. The text “The Ever-Changing Penny” argues, “The history of a penny reveals more than just a coin—it exposes a piece of American culture. The one-cent piece has influenced our language, giving us a number of idioms, such
As stated in the text,”In truth, it is more than a coin—it is a piece of American culture.” Even though the penny has some culture, culture is nothing compared to losing money the losing money part is way more important than just being part of American culture. This shows how people can hold onto the smallest things for the dumbest reasons. Another thing stated in the text was,”Still, for many people, the penny's sentimental value remains the same.” Even though the penny may have some sentimental value the government is losing a ton of money minting new pennies because they cost more than they have in value.
As a result, a penny is never truly in freefall since air resistance is working against the force of gravity and for an object to free fall, acceleration of gravity, is the sole factor that should be acting on the object. In this case, it's a penny. Another example in the text states, “Even though we didn’t go as high as the Empire State Building, it doesn’t matter. The penny will hit full speed after 50 feet or so, and it just coasts” (Stossel, Binkley 2). This shows that even at the highest altitude, a the penny will fall to the ground with a slow terminal velocity.
Who was the founding father who stated that "a penny saved is a penny earned" (librarycompany.org)? On January 17th, 1706, Benjamin Franklin was born in the Massachusetts Bay Colony (now known as Boston). Even though he learned to read at a young age, Franklin was taken out of schooling at age 10 to help his father with work. When Franklin grew up, her 'married' Deborah Read, and he had three children: Sarah, William, and Francis, who died at age four. Sadly, Benjamin Franklin died April 17th, 1790, leaving us with his work and revolutionary ideas.
"Abolish the penny? " This is a question that has frolicked around the economic scene for decades. Advocates of abolishing the penny call upon claims supported by faulty evidence, for instance, "Two thirds of [pennies] immediately drop out of circulation" (Source C). This claim is fatally misleading as studies have been conducted to show that "the annual rate pennies dissappear from circulation is surprisingly similar to all other forms of coinage -- around 5.6 percent" (Source C). So why should we, as Americans, abolish something as symbolic to our national heritage as the penny, without proper reasoning?
This scandalous coinage, also known as the penny, is a lousy excuse for a currency and should be abandoned. The penny costs the American people precious time and money as they attempt to scour through their purse or wallet just for a 1 cent coin, which is having devastating effects on the economy. The obvious solution to this ordeal is removing the penny and rounding all prices to the nearest nickel. On the other side of the argument, people view this as an opportunity for businesses to charge extra for a product or service that you originally would of although, there is simply no hard defining evidence that this would even occur. With everything considered, the penny is a nuisance to society as a whole, we need to abolish it before it creates
Andrew Jackson This is a paper about Andrew Jackson being on the 20 dollar bill. The question I am going to answer is, should Andrew Jackson be on the 20 dollar bill? First of all, let 's talk about the characteristics someone needs to qualify to be put on U.S currency. I think, the person in question need to be honest, brave, a leader, and needs to fight for what they believe in. They can 't give up at the first sight of danger.
For my primary source, I have chosen to analyze Edward Savage’s 1796 engraving, Liberty in the Form of the Goddess of Youth Giving Support to the Bald Eagle. The engraving is currently kept at the Parlor in Thomas Jefferson’s Monticello, located in Charlottesville, Virginia, and it measures 24 ¾ inches by 15 inches . The engraving portraits a youthful, Anglo woman dressed all in white with a flower garland wrapped around her head and hanging all the way past her waist. She looks almost angelical and is holding a cup with which she is feeding a bald eagle which symbolizes the Republic .
According to William Safire, in 1950 a penny would buy what a dime would buy today. Millions of pennies are produced every day and sent out all over the country. Several of these coins are removed from circulation from people placing them into piggy banks or losing them behind couch cushions. The penny is more trouble than
The density of the penny was 4.68 g/cm3 before the experiment and 4.43 g/cm3 at the end of the experiment. The density of gold, though, is 19.3 g/cm3. Since the densities of the penny and the gold are different, the penny clearly did not change into another element. The gold color of the penny was a result of the flame that it was held above melting the zinc that it was coated in with the original bronze colored coating of the penny, creating an alloy with a shiny yellow color. Since neither of the pennies, silver colored or gold, changed densities throughout the experiment and each retained their own properties; the properties of copper; no new elements were
But on the other side, retailers could be aware of this and bring all their prices down to the lower round and sell them cheaper, which benefits the consumers. Supporters of the penny say we should keep the one cent coin but simply make it cheaper. (Source 2) But if we cut out the penny entirely, we can save even more. A near useless coin can be eliminated and we won't need to spend nears as much money making
“ The U.S. is among the last of the industrialized nations to abolish the peskiest little bits of coinage” (Source C). More and more counties will soon join in on the laughter as they dismantle their low value coins. It would be a different story if we used the pennies. Only about one-third of the pennies are in circulation, the other two-thirds of them are hiding in our chair cushions (Source C). Not only is the government losing money from the missing two-thirds, but it is also wasting money on workers.
Pennies, for a majority of people, are just little worthless pieces of mass that are left basins collecting dust, being thrown into water fountains for luck, and at times are refused at supermarkets because of how little they are worth. Along with what the average American does with their pennies, the smallest United States currency is costing us more than seven million dollars a year, in the retail business alone. The Department of Defence doesn’t think that pennies are even worth it. As stated by Chris Ward in paragraph one of Source #2, “Pennies are too heavy and are not cost-effective to ship.” As well as, according to Source #2, “The U.S. Congress is considering eliminating the penny from the United States currency system.”
That is why I am supporting the retirement of the pennies. With me supporting the retirement of the penny I have some evidence on why the penny should be retired. One piece I have is in the article it states that it costs 11 million dollars to make pennies in other countries. That it is a lot of money being used even though the penny doesn’t really get used, it just gets pushed to the side and never gets used. They could be doing more with the 11 million dollars.
I just don’t believe why they made The Stamp Act a thing. They made people poor. Some people weren’t even able to pay the taxes. They were put in jail because they couldn’t pay for the taxes. It’s just wrong to make people pay for PAPER.