Kary Cabrera, Supernova
Preserving the Penny
The one-cent coin, also known as the penny, has been seen as a nuisance by many throughout the years. Many postulate that the penny will no longer be minted, meaning produced, within a few years. However, the solution seems to be controversial as others see the penny as an important part of the United States history. The penny should be preserved for the following reasons that will be divulged in this essay.
The penny has been part of United States history for hundreds of years, which bestows a sentimental value in the views of some people. “The one-cent coin piece commonly referred to as the “penny” has been part of United States history for over two hundred years”, (The Many Faces of the Penny, Shelton). The penny is an important part of history in the United States for hundred of years. Moreover, the penny was one of the first coins to be authorized for production by the government. “The penny was one
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Due to the fact that one would rather donate a penny rather than any other coin, or dollar bill, abolishing the penny would induce issues to those raising for charity. “Pennies might be a little bulky, but they add up-moreover, because they are worth so little, people don’t matter donating them”, (Save the Penny-Save the Day!, source 4) Pennies are so easily found, which is why people don’t mind giving any away. “Bottom line: if the United States eliminates the penny, charities will suffer because people will pay more at the store and feel they have less to give those in need”, (Save the Penny-Save the Day!, source 4).
In conclusion, the penny should be preserved for the three reasons stated in this essay. The penny, despite being deemed futile, has an important part in what formed the United States’ economy. As a consequence, removing the penny from the economy would affect the history and culture created by
This shows that pennies may have value to some people but not enough to compensate for the money lost by the government for minting a penny. All in all some people believe that pennies are worth minting, but they are just of waste of
Some historians question whether or not this was a victory. Despite Jackson winning the Bank War, there were still many currency issues in America that remained unresolved. Some of these issues included 40% of money circulating in America was foreign currency, debates about gold over silver, and issues of hard money versus paper money. (Markham 54) As America struggled with financial issues, it only worsened when the Coinage Act of 1834 passed.
It would make the economy stronger financially. This would ultimately decrease the amount that the government is able to spend. Decreasing government spending would help the nation’s economy tremendously. Moreover, the Fed should discourage the government from printing additional money. As P.J. O’Rourke famously claimed, “A U.S. dollar is an IOU from the Federal Reserve Bank.
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.
Although the past cannot be changed, the future is in your power. But what if power is the reason the future cannot be changed? The Pearl, by John Steinbeck, is a timeless story that is filled with metaphors for how avarice takes over humans. Although there is no easy way to get rid of it, Kino goes through many challenges to free himself from the troubles that come with possessing the power the pearl held. Kino went from a loving human to a dehumanized figure because he saw great wealth in the pearl, attacked in order to maintain the power it held and lost the ability to have emotions.
This shows that pennies are more than coins; they are a part of people's history. What readers should understand is that pennies are a part of American culture. This is important because pennies are a part of people's history and if people stop the making of pennies,
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
So why do we still have it? The penny is outdated and unnecessary. The penny costs an irrational amount of money compared to what it's worth. The penny, a one cent coin, costs 2.41 cents to make, which is nearly 1.5 times what it's worth (source 1). That means that annually, the United States loses 60 million dollars in pennies every year!
Off with the Head The penny is one of America 's most iconic coins, but yet people toss them once in their possession. Most thoughts about the penny are more negative than positive. Lewis, Mark’s passage (Source A) shows the reason is has not been banned yet. Kahn, Ric’s passage (Source B) explains the penny was only good in its prime, and now is wasting our time.
They Did It ! Recently a decision was made that will change America forever. On August 18th Tennessee became the 36th state to ratify the 19th amendment, therefore granting women the right to vote in all states. This decision with certainly be met with both support and opposition from many.
Wealth, poverty, technology, decadence, the Gilded Age was a time of change and uprooting of past systems, schools of thought, and standards. It was a time of both hope and doubt for the majority of the population and brought many to be empty handed or exceedingly wealthy. The dynamic between rich and poor was shifting to a gap of wealth never before seen in the young country. The gilded age’s built up wealth disparity faded away over time. Yet today it seems that a resurgence of these features is rearing its ugly head again.
Another piece of evidence I have is that in Canada the Canadian senate committee held a meeting on whether the penny should be spared and if they did think that it should be spared to come forward to say why. No one came forward and said why the penny should be spared. My last piece of evidence is that already some countries have already the retired the penny. Those countries made a smooth transition in retiring the penny and that the people were okay with it.
Therefore, the one cent not the greatest coin and the government should stop production of the penny. Last reason why the penny should be gone is, people just don't like them anymore and they take up too much space. For example,” people store them in jars refuse them as change and throw them away in water fountains.” See people are over the penny. Also,“pennies are not worth the trouble of carrying them around and take up too much space.”
The federal tax system is plagued with issues: It doesn 't raise sufficient revenue to back government spending, it is unpredictable, it makes results that are unreasonable, and it impedes monetary productivity. This part examines a few approaches to enhance charges, including making an esteem included duty, expanding natural taxes, improving the corporate expense, treating low-and center pay workers evenhandedly and productively, and guaranteeing suitable tax collection of high-wage family units. A good tax system raises the incomes expected to fund government spending in a way that is as basic, evenhanded, and development well growth as could reasonably be expected. The United States does not have a good tax system.
One in every 10 coins was forged, and often the metal in a coin was worth more than the face value of the coin itself. Newton oversaw a huge project to recall the old currency, and issue a more reliable one. Always methodical, Newton kept a database of counterfeiters, and prosecuted them with a puritanical fury. He was appointed Master of the Mint in 1700 and held the post for the rest of his