ipl-logo

The Penny Should Be Preserved

259 Words2 Pages
The penny should be preserved because if they get rid of the penny it will cause a lot of income issues, also more people would go homeless due to paying more. If the penny is not preserved then more people will pay more because store will round to the nearest five cents. Also the penny is a part of U.S. history. Sources 2 and 4 state that the penny should be preserved. For example in source 2, the author states that “The one-cent piece, commonly referred to as the “penny,” has been a part of United States history for over two hundred years.” This shows that the penny is a part of U.S history and will cause many problems if they stop making them. Additionally in source 4, it is stated “This system would be extremely confusing
Show More
Related
444 Words | 2 Pages

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.

Read More
1031 Words | 5 Pages

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

Read More
489 Words | 2 Pages

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.

Read More
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
605 Words | 3 Pages

Does Andrew Jackson Deserve to be on the 20-dollar bill? In my belief Andrew Jackson does not belong on the 20-dollar bill, due to the simple fact of that in 1836 Andrew Jackson tried over throwing the U.S national bank because he believed that hard currency like gold and sliver should be used. Andrew Jackson in some sense is an ironic placement on any paper currency in the United States. Although this topic is very controversial in the United States. I will try and clarify my belief about why Andrew Jacksons placement on the twenty dollar bill and why he should be reconsidered.

Read More
1074 Words | 5 Pages

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.

Read More
462 Words | 2 Pages

Andrew Jackson was the 7th President of the United States. His face appears on the $20 dollar bill but there is discussion of removing him and replacing him with another well known figure. Looking back through the history of his time did Andrew Jackson do more harm than good. He was born March 15, 1767 in a log cabin on the frontier between the Carolinas. He was a “common man” so the common folk loved him.

Read More
521 Words | 3 Pages

That just shows how I'm right about getting rid of the coin. I know taxpayers don't don't want to keep wasting their money on the penny. Pennies serve in today's

Read More
841 Words | 4 Pages

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.

Read More
701 Words | 3 Pages

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

Read More
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
1233 Words | 5 Pages

This has led to growth in the overall economy. After the Revolutionary War in 1775, the United States Government began issuing continentals, the first paper money. However, as the war dragged on, inflation became a major issue and this led to immense debt. By 1780, continentals only retained 1/80th of their original value, making them nearly worthless (The Early Paper Money of America). Evidently, the economies of the American colonies needed to be more federalized.

Read More
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
1082 Words | 5 Pages

The Fiat Money The Fiat money are always the biggest issues to the Muslims scholars since 12th century due to the questionable intrinsic value. In the past, such issues have not being arise because the practice of such monetary system were not exists up until the 19th century, where the gold and silver were started to be replace by Fiat money currencies (paper money). In the early 9th to 17th centuries, Muslim scholars such as Al-Ghazzali, Ibn Taimiyyah and Ibn Khaldun had discussed the media for exchange of gold and silver with conventional value, to which the counting of the outdated weighing became as a legally valid method and money become numérarie; that is a basic standard by which values are measured as gold in monetary system). However,

Read More
189 Words | 1 Pages

I agree with David Thoreau. While some could argue that time is bereft of value, I believe that money has nothing to do with the price. Money is always something you regain without losing anything more than time. More and more of it is being made every day. Should paper money fall, some other sort of currency shall take its place.

Read More

More about The Penny Should Be Preserved

Related Topics

Open Document