The Sociological Significance Of The Penny

Pennies: a debate about their value in United States currency There has long been discussion about the penny, which is the smallest coin in the United States. Some people think we should continue using it because it’s been around for a long time, it’s good for small purchases, and it’s part of our history. Others think it’s not worth it because it costs more than it’s worth, isn’t used much, and isn’t very practical. This essay will analyze both sides of the debate, using research and reliable sources. Trading the penny has some historical and sociological perspectives. The penny has an important place in American history and society. According to Daniel Spector, his dissertation "In Pennies We Trust: But Should We?" by Northeastern University

Simply put, the penny is important in our lives. Roberts in his journal, Roberts, Ian. "The Sociological Significance of the Penny in Everyday Life." show us how the penny affects our daily lives and what we believe is normal. He teaches us how we use it when we buy things, how it makes us think about prices, and how it affects the way we handle our money. He also shows us how the penny is part of our culture and how it influences the society we live in. These ideas show why the penny still exists, even though some people say it’s not worth it financially. On the other hand, some people say that earning a few cents costs more than they are worth. In his article, Whaples, Robert. "The Case for Eliminating the Penny: A New Argument." Economic Inquiry, Vol. 78, No. 1, pp.

In the article, “Death to Pennies: A Majority of Voters Support Stopping the Production of New Pennies.” by Bella Kumar, MacKenzie Wilson, and Lew Blank, published on Taforprogress.org on 18 August 2022, it was found that many people want to stop earning pennies. The study found that there are a large number of people who are in favor of stopping producing pennies, meaning they want the government to stop making this currency. But Rosalsky in his article, "Is It Time To Kill The Penny?" by Greg Rosalsky, aired on NPR on 14 July 2020, 6:30 AM ET, discovered that not everyone agrees, that there were different opinions among people. This shows how difficult it is for policy makers to make everyone happy and at the same time think about the economy. In conclusion, deciding what to do with the penny is a big topic because it involves many things such as its history, how much it costs to make it, how people spend money, and what people think. This essay analyzes all of these factors to help better understand the penny debate. We need to find a fair way to deal with the penny that respects its history but also makes sense for the way we use money