The Pros And Cons Of The Penny In The United States

Next, we determined the mass of the penny by placing it on a balance. The mass of the penny was 2.47 grams. Afterwards, we placed the penny in a beaker filled with 20 mL of 6 M HCl. In the end we put the beaker in the fume hood and allowed it to sit overnight. During day two of the penny lab, we removed the penny skin from the beaker using tweezers.

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.

We should not ban the penny I think we should not ban the penny charities rely on pennies they keep the cost low and they honor Lincoln and out of all the benefits of penny's people still want to ban them. We should not get rid of the penny because Charities rely on them. They can collect the pennies.

The penny serves as a testament to our past and remind us of the influential Lincoln that paved the way for modern society. It is unpatriotic and economically inefficient to abolish the penny as it is

The complete waste of time and money spent producing these pennies just to be forgotten in the couch cushions is astounding. If every penny is 1.8 cents to produce than the government is giving away 800 million USD every single year. The same article says, “...10 million new useless items punched out by government workers who could be more usefully employed tracking counterfeiters.” In other words, the government isn’t only wasting money on penny production but, also a working staff. U.S. currency could be more protected if it wasn’t for the pesky penny.

Dollarization occurs when a country, officially or unofficially, utilizes another country 's currency as legal tender to conduct transactions. Countries mainly use dollarization to benefit from the greater stability in the value of a foreign currency over their domestic currency (Berg, Andrew). The con of dollarization is that the country is not able to influence its own monetary policy by adjusting the money supply. Dollarization usually occurs in developing countries with a weak central government or an unstable economic environment (Berg, Andrew). For instance, a country undergoing significant inflation may choose to use a historically stable currency, such as U.S. dollar, to conduct day to day transactions, since inflation reduces the

In the source “Penny Wise, or 2.4 cents Foolish?” It specifically states,”A number of countries, including Australia, New Zealand,Brazil,Finland, the Netherlands, Norway, Sweden, Switzerland and Britain,have already dropped their lowest- denominated coins, without dire consequences. ”This evidence is saying that many other countries have given up their lowest coin and that coin for the United States is the penny worth one cent. The evidence demonstrates that the United States needs to get rid of the penny as well, even if the vote on it isn’t high, the people needs to have this coin gone because in the long run, the United States won’t have anymore money because of making this money and it costs more than what it’s even

“The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny,” says William Safire. The coin today is not worth what it was before, and very few items can be purchased with the penny. Also, the cost to produce and ship the penny through the country cost more than it is worth. Reason one as to why the penny should be eliminated because in today 's world nothing can be purchased with a penny.

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

Did you know that Canada just quit making their penny? (Source 1) They aren't the first of many countries to have made this decision. Whether or not to keep the penny is a surprisingly heated debate. The penny should be removed from American currency for a variety or reasons, it costs too much money to make, it wastes money, and plenty of other countries have gotten rid of it and they're fine.

The New Deal was ground-breaking to begin with as it introduced a new interventionist role for government which was the opposite of Herbert Hoover’s Laissez Faire policies. This included the Glass-Steagall Banking Act of June 1933 which gave deposits of $5000 to banks, which before the New Deal would be totally unheard of as banks were subjected to self-regulation and had to solve their own problems monetarily. This revolutionary and ground-breaking interventionist style of government had never been seen before and was seen by some as unconstitutional as they believed in no government handouts. Furthermore, the SEC, set up in June 1934 regulated all the stocks across the country, a complete turnaround from Herbert Hoover’s policies, adding

Arizona Republican Kolbe, proposed the “Legal Tender Modernization Act”, which rounds prices up or down. The penny would not be ban by this act but merely would render the penny useless (Kolbe). If this system made the penny useless, it would be a better idea to ban it fully. Not banning it would still allow penny production

Argumentative Text Essay In the book Nickel and Dimed, written by Barbara Ehrenreich, the author argues how challenging it is to live in a life of poverty. To prove to herself as well as others that this statement is accurate, she makes the decision to experience this lifestyle firsthand by taking low-wage jobs and recording the results. Ehrenreich took on jobs including a maid service, waitressing, and assisting the nursing home to make enough money for a place to sleep and food to eat. The work’s central argument is the fact that minimum and low wage workers face a myriad of difficulties in getting by in America; they receive very low pay, harsh treatments from their employers, and the inability to have an actual life.

I support the penny being retired. The article “Should the Penny Retired” written by Toronto(AP) has many valid points on why the penny should be retired. It is such a nuisance to have pennies these days. No one will pick a penny if they see one on the floor or on the street. People nowadays don 't get excited if they see a penny.

Do you know what cost more to make then what is worth,cost taxpayers millions each year to produce and is a hide waste of time? Well it's the penny. For many years the United States have been debated whether or not they should discontinue the penny. They should stop production of the penny because it cost too much to make, it's very time consuming and many Americans are ready to make away from the one cent. Now let me tell you all I the reasons.