ipl-logo

Argumentative Essay On The Penny

701 Words3 Pages

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. Safire, William’s passage (Source C) spit straight fire saying that Lincoln would be “ashamed” to have his face on the penny, supporting the idea to get rid of the penny. America needs to make the decision to eradicate the penny. As we sit here waiting for something to be done; our streets, couches, and coffee pots are being engulfed with these ghostly coins. In Source A, Lewis questions if anyone can get rid of the penny. 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 …show more content…

“ 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. These workers would be more usefully employed tracking counterfeiters, instead of making 10 million pennies a day (Source C). There are areas in our government that could use more funding. If the penny goes, we will have extra money to keep our government up and

Show More
Related

Impact Of The Currency Act Of 1764

180 Words | 1 Pages

The Currency Act of 1764 was a British Law, passed by the Parliament of Great Britain on September 1, 1764, that was designed to control the colonial currency system. This act prohibited the issue of any new “Bills of Credit” and the reissue of existing currency by the American colonists in the thirteen colonies. The reason the Britain Parliament passes this act was because they wanted to control the printing and use of colonial paper money. Also, it was said that British merchants in England wanted to be paid in British currency and not colony currency. The colonists did not like this act and therefore colonial merchants refused to buy goods from Great Britain.

Read More

Copper Pennies Research Paper

452 Words | 2 Pages

Traveling from the U.S. mint into the hands, pockets, and wallets of citizens, ultimately, pennies will develop a dirty look due to daily interactions with their surroundings. In recent years, many have discovered possible solutions to restore the original shine of copper pennies. In order to determine what solution most effectively sterilizes our common pocket money, it is crucial to understand what makes pennies dull in the first place and what can counter this reaction. Over time, pennies receive a dark coating, creating a dull appearance.

Read More

Why The Penny Should Be Retired

489 Words | 2 Pages

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.

Read More

Essay On Are Pennies Worth Minting

783 Words | 4 Pages

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.

Read More

Should Pennies Be Eliminated

514 Words | 3 Pages

Pennies have been a huge part of our history, and has also had a big impact on us. The penny represents strong will, positivity and pure energy. Abraham Lincoln was the first historical figure to the US so that is why his face is on the penny. But the penny is destroying our economy.

Read More

Pennies Should Be Eliminated Essay

521 Words | 3 Pages

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.”

Read More

What Is The Main Point Of Jennings Bryan's Cross Of Gold Speech

1598 Words | 7 Pages

economy if Bryan had been elected in the 1896 election. The gold standard only allowed gold to be struck as legal dollar coins. There is only a limited supply of gold in the world which caused a limited money supply in the United States, but the population was still growing steadily, meaning less money per person. The gold standard maintained the purchasing power of the dollar which favored investors, creditors, and debt collectors, but it made it almost impossible for debtors to pay back what they owed because there is not enough money in circulation throughout the economy. Bryan believed coining silver and gold would encourage inflation and increase the money supply, helping the masses of the country who owed money to pay off their debts and would stimulate the economy by pumping money into it.

Read More

Abolish The Penny Essay

841 Words | 4 Pages

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

Read More

Argumentative Essay On Nickel And Dimed

876 Words | 4 Pages

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.

Read More

Prejudice In To Kill A Mockingbird By Marie Lu

724 Words | 3 Pages

“We’re not keeping this in our house.” My father nodded. “But we can’t destroy it. We have to safeguard it—for all we know, this might be the last coin of its kind in the world” (Lu 232-233).

Read More

Argumentative Essay: Keep The Penny

668 Words | 3 Pages

Some say we should keep the penny since lots of schools have penny drives and those coins go to charity, and if we stop making the penny, these won't be as successful. These people forget that 60 million tax dollars are wasted on this coin, and that if they care so much about charity, they can donate the money they save in taxes to the charity of their choosing. People are also concerned that since there won't be any penny, prices will have to round to the nearest five cents. If all the retailers decided to round up, consumers could lose up to 600 million dollars a year. (Source 2)

Read More

Nickel And Dimed Analysis Essay

1342 Words | 6 Pages

Nickel and Dimed Analysis: Minorities vs Majority vs Socioeconomics In Ehrenreich’s classic “Nickel and Dimed: On (not) getting by in America,” the protagonist opens up the dialogue with admitting that she picked out her job out of laziness (Ehrenreich, 1). With the setting in Key West, Florida, the main character being Ehrenreich herself, decides to experiment with the possibilities of existing as a person on the lower terminal of the socioeconomic ladder. For her experiment, she lives in the lower rung of the ladder, becoming a waitress (Ehrenreich, 10). Based in 1996, the novel is investigating the benefits and effects of the 1996 welfare reform bill, which was considered a jugular stab to the spirit of social reform and government assistance to the hapless.

Read More

Penny Lab Report

463 Words | 2 Pages

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

Read More

Argumentative Essay On The Gilded Age

1318 Words | 6 Pages

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.

Read More

Argumentative Essay On The Pearl

1054 Words | 5 Pages

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.

Read More

More about Argumentative Essay On The Penny

Related Topics

Open Document