In all, 180 currencies are being used worldwide. What if currency was no longer enforced, and a different method of buying, selling, and exchanging was put in its place? This would alter the people of societies live’s drastically, but is a new system better than what this country has used since 40,000 years ago? I believe that currency is essential to all parts of life and should be kept, since using currency is easier for managing time. Currency gives everyone a similarity; we all use it, and selling or buying with currency brings many cultures together.
Currency is the best system to use, since others systems are too time-consuming, such as trading, because time spent trading is time spent bickering. It takes too long to get anything accomplished. Trading is also a problem when you are trading something the other person
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But as it turns out, he doesn’t need shoes at the moment. You’re out of luck unless you can find another baker- one who happens to be short of footwear-nearby.” This supports my claim since it shows that more effort is being put forth, and more time is being spent trying to get the bread. This is the case in reality as well. On top of that, the people trading would not know the full value of something, so you could be making a very unfair trade. At least with currency, our country can put a price on things and not meander into the unknown. Trading with countries would also be harder and more time-consuming, since, according to the article “9 Disadvantages Of International Trade”, “Dependence on foreign goods creates difficulty in time of war when the country is cut off by enemy action.” This would not happen with currency if the United States were to go to war. We would take money from the government and then buy the materials our country needs without a problem. No time period would be spent without what we need. In addition, the
Are pennies worth minting? Many people believe they’re a waste of money, but some people believe that they’re still worth minting. Pennies should not be minted for many reasons such as, the penny costs more money to make then the penny has in value. Another reason is that pennies are a severe waste in time such as people often pay with pennies as a practical joke, which means hard working employees often have to spend the time to count those pennies. The final reason is because the penny is losing the government money.
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
Pennies should not be made anymore. Pennies should not be produced anymore because they aren’t worth having,society doesn’t want them and think they are a nuisance, the only people who want to keep them are the big banks and the government. Pennies aren’t worth having. “Material prices have driven the cost to produce the coin to 1.4 cents and above. Every year, our government is losing money in making these things.
When there was a war between trades it was because of money and value. Trading agricultural and industrial things was good but led to conflict. America didn’t have conflict with Europe because of how much money they were both making off of each other. If they disagreed both sides would lose money. Even though America was spending 20% of their budget protecting their
For example, instead of carrying around bags of coins, and having different trading objects, people were able to trade with lighter weight and had a common basis of trade. Another advantage was that the use of paper money saved “copper and iron for use in everyday objects.” For example, the Mongols used “iron for the blades of luxury weapons, cast into bronze handles which were sometimes inlaid with silver or precious stones.” Since, the usage of paper money made life easier, paper money was still in use on
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 penny has been used in many day to day scenarios and is recognized throughout history and even dates back to the Frankish Empire. However, many people see the penny as useless and not cost-effective. The reasoning behind this thinking is that the penny cost more to produce than its actual value, and they take up too much space and time. The cost of pennies is causing a lot of unwanted debt due to pricing for the materials.
“ 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.
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.
We believe that pennies should be eliminated from U.S. currency because they cost more to make than they are worth, a large number of countries have already rid of the penny with great success, and there is already a system in
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.
First, pennies should be eliminated because of how much it cost make them. For example, “taxpayers lost 60.2 million dollars on the production and distribution of the coin. Many people are saying that the number of cost for the penny could increase in the upcoming years. Also,”the economy has changed so had the value of the coin.” But the penny is worth too little for for today's economy.
Although paper money is a good way to unify currency, yet there there is an underlying problem that the Emperor is issuing too much paper money, which might lead to the problem of inflation and concentrating the wealth in the hand of a person. We should look into the life of commoner to examine how the issuing of paper money affected their
He probably can’t afford the shoes he wants himself since he acted desperate and decided to steal from Mrs. Jones; which, (if you ask me), displays horrible morals for the time being.