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History of the US penny
History of the US penny
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Many people do not see the value in the penny, and they think pennies are useless to carry around. Without the penny it would be impossible to give the exact change without it. Pennies are necessary. If we got rid of the penny, we would need something else to replace it, which would unnecessary. Last week, Washington middle school hosted its annual penny drive for charity. Students from all grades brought in bags and jars from their homes. With everyone bringing in their pennies washington middle school raised over $3000 in one week! An eighth grader named something something said “If we were to host a dime or quarter drive then we wouldn’t get much because many people don’t carry around many quarters and dimes they mostly carry pennies.
Pennies are also used to make bullets for guns. Pennies can be used in other ways to, like if you have a child you can teach him/her how to count, You can put them in a jar and turn them in and you can toss them in wishing wells. Pennies have been used as idioms to for example “a penny for your thoughts” Is an idiom. If the us get rid of the penny then we are throwing money away. People have been collecting pennies for a long time and all that time would have just been a waste of time. The penny has been around for a long time and money is money. You don't want to have to round to the nearest nickel and pay more. The penny is a great
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Also banning the penny would affect the poor. The poor use the penny to make more frequent, smaller purchases. If we get rid of the penny, the poor would have to suffer even more because of the lack of pennies. If the us get rid of pennies stores will have to round everything to a nickle and if you add that up it can be a lot of money. So now you can see that the penny is very
In fact there are many people that oppose abolishing the penny. In source E it states “that 62 percent of people oppose abolishing the penny that has a income less then $25,000 a year.” If the penny was to be abolish then the nickel would be the lowest coin in amount of money. If the nickel was the lowest amount of money there was then that means the purchase prices of items sold would increase. The prices would increase on items sold because the penny would not be in circulation to allow the customer to pay with the correct amount of change. Instead of being able to pay $3.47 for a kids meal at MacDonalds the customer would have to pay $3.50 for the kids meal. With the increasing prices of merchandise sold in stores there could be a budget upset for many families that have to follow a tight budget. Many families have to follow a tight budget to be able to provide for there families. With a tight budget there is no room for the prices of merchandise to increase due to losing the penny. Every penny counts when it comes to having a tight budget and providing for your
We should keep the penny because it has history, in fact it was “the first currency authorized by the United States” (Lewis). The penny no longer has the value that it used to have, but it is still necessary to make purchases as accurate as possible. The penny may seem like a waste of time to many Americans because it takes so long for cashiers to make change, forcing people to wait in line, but it is actually worth the time spent. The penny helps with keeping prices a cent lower, and therefore stimulating the economy. The penny is important to many people who need the money and for whom pennies still have value.
We strive on making everything more efficient. As stated by a www.globe.com article, “The National Association of Convenience Stores and Walgreens drug store chain estimated that handling pennies adds 2 to 2.5 seconds to each cash transaction (remember that we are including the occasional customer who spends 30 seconds looking for the penny in his pocket)” (Source B) That is a lot of unneeded time. When you get the penny back does it mean anything to you? It was also estimated that if you add those 2.5 seconds, it equates to 4 hours per year handling pennies. In keeping with the thrive and efficiency to move along in America, you can be using those 4 hours for something much more productive. As another example, say you are walking down the street and you see a penny on the ground, will you stop and pick it up? You most likely will not pick it up because it has no value. Now what if it was a nickel, or a quarter? Will you pick it up? Most people will definitely pick it up. A penny is just a waste of time. Finding a penny at the bottom of your pocket or in your bag drives cashiers crazy. There would be no need for this wasted time if we abolished the penny. The penny is stopping every great American from pursuing the next biggest breakthrough or
They must be eliminated, but you might think. Wont prices go up and charities lose money? No. new zealand , finland, and the netherlands stopped using the one cent or the one cent euro and noticed no change in cost instead they round to the nearest five cent. Anyways the US has already gone through this process without trouble like the half cent it was eliminated in 1857 because it was too little worth. Another thing is that everyone loves lincoln so they might think that his monument might be taken away but taking away the penny won't take away his memory we will still have him on our five dollar bill which won't go away. Yes you might think it is unpatriotic or disrespectful to take away lincoln but the us military is not using pennies because they have already realized that pennies are useless and not needed so they round to the nearest five cent. So basically pennies just aren't worth making, they waste people's time and they don't even work as money like they are supposed to, and because of inflammation lose more value every year making them making everything
To begin, United States should not eliminate the penny because the coin has impacted our language by giving us more phrases and words. According to source #4, it states, “The one-cent has influenced our language, giving us a number of idioms, such as ‘a penny for your thoughts’ (a way to ask what someone is thinking) and ‘not one red cent’ (meaning no money at all).” This is significant because it shows that the penny has affected the English language
Have a good look at the penny, what do you see? You probably see nothing but a copper coated circular poor valued cent. Little does everyone know pennies have been around longer than before their grandparents, even their great-grandparents! Matter of fact, it was around so long ago that Abraham Lincoln’s face was not the first design on the penny. I ask that you take the time to consider the American penny’s worth. Without the people’s belief in its value, the penny will be abolished. I see people every day throwing away a penny rather than to put it in their pocket and save it for future uses. Yes a penny is "outdated, almost worthless, bothersome and wasteful" (Safire) piece of junk, but it's has an economic, cultural, and historical significance to the United States of America. The problem is that nobody pays attention to that, and that gives pennies the image of no value. Three good solutions to show the pennies worth include: tolls and vending machines accepting the coin, more charities to keep their penny drives, and historical evidence of what the penny mean to America so that it can be passed on to the future generations.
The penny is so close to worthless that there is a major debate on whether the penny should be kept in circulation. Keeping the penny in circulation would be mostly for those traditionalists who see this coin as history and luck. Many are working very hard to keep that piece of history from meeting its retirement. ALTHOUGH THE PENNY HAS BEEN AROUND THROUGH AN ABUNDANCE OF GENERATIONS; DEPLETING THE NATION OF THIS COIN WOULD BRING LESS HASSLE AND MORE BENEFIT.
Symbolism is a great literary device and is seen in many great text, such as in "Penny in the Dust". In this great text by Ernest Buckler, symbolism plays a huge factor to help develop an idea about pursuing one's dreams'. As you can tell by the title of the story a penny is mentioned, therefore meaning it has some significance behind it. The "bright as gold" (p.135) penny in this short story symbolizes the relationship between a father and son. The relationship between Pete and his father. Pete, a seven year old boy, wants his father to recognize him. When Pete had the penny, that was given to him by his father, he would dream/fantasize that he and his father were different people. People who wore nice clothes, owned a mowing machine, and drove in nice cars. People who were richer. Pete would bury this penny in the dust, and dig...
In the article “I Need a Dollar: Should you give to the New York 's Homeless?”, published on Gawker.com on July 28, 2014, Paul Cantor argues the issue of whether or not you should give money to a panhandler. Like Cantor, I have been approached several times by people asking for money. Often times I wondered, "how did you end up in this situation?” More often than not I find myself leaning towards the negative connotation; that it is their fault they’re in these circumstances. However, I generally feel that I can spare a buck or two. Cantor suggests "maybe nine out of every ten panhandlers are lying." Even if every dollar you hand out goes to something it shouldn 't, what is it really hurting? I agree with Cantor. Americans spend hundreds and hundreds of dollars a year on coffee
Money makes exchange much easier, because people can trade their goods for money and use the money to buy other things. In the Bible money was silver or gold, a precious metal, and America was on a gold standard throughout most of her history. In 1933 we shifted to a silver standard and in 1968 our silver certificates were replaced with Federal Reserve Notes (Remy, 2008). Today’s paper money is not backed by anything except the government’s promise that it is good. Money with no precious metal backing allows the central government to spend more than it collects in taxes, because the Federal Reserve Board can print new money, thus increasing the money supply, anytime there is a need. This is what causes inflation and is one way that the Federal Reserve Board has overstepped Biblical principles in economic policy. Greg Anthony writes that “one of the Biblical signs of a nation backsliding is the condition of its currency and the degree of honesty in its weights and measures” (Anthony, 1988, p. 28). When the money supply is increased, either through printing more money or credit-expansion, the purchasing power of the dollar falls, and businesses must increase the prices they charge to keep up with their own higher costs. Inflation encourages debt, deceives people about pay increases and future wealth accumulations, is a hidden theft tax, and decreases capital available for
Most charities focus on issues overseas, but there 's issues right here in America that desperately need to be solved. Charity focus could help get less fortunate kids get a good education, and then help get them through college and start a good life and set them up for success. it could also get the homeless citizens into shelter or possibly even employ them and help get their life back on track, rehabilitation programs could also help them clean up their act. Veterans and elders could get the help they need to get insurance, and medical attention with a charity focus, they deserve to be treated equally. A little goes a long way for the less fortunate, what might be pocket money for you, could feed a homeless person that night, so they at least don 't have to be both hungry and cold. If Americans would focus on themselves for awhile a lot of issues could be extinguished in a short amount of time, and don’t underestimate the difference a local effort can do. The World can’t be changed in a short amount of time, but if America could find the money and time to focus on the issues at home, then they could put the focus back overseas to help them with their efforts. Little by little America can work out the kinks and keep heading towards national security on finances and also be able to insure that all of the citizens can make it by too.The world has a bright future, but before the
A buyer brings along with him snacks that he would like to purchase in a dollar store: chocolate chip cookies, a Pepsi, gummy bears, and a bag of chips. He waits in line, eager to consume this huge delight. It is his turn, and he hurriedly placed his treats on the counter, waiting anxiously to pay immediately. The cashier replies to him, “The price will be $5.99, sir.” The buyer takes out five one-dollar bills and four quarters. Not an instance did he ever use a penny in this case, which he thought was useless and meaningless. As you can see, the penny has become quite worthless and diminished in purpose. Many citizens would prefer to round up and pay rather than spend time and look in their
The penny has been in America for centuries, it's a sentimental object for Americans everywhere. However many have debated on whether or not it should be eliminated or continue being made. The penny should be preserved because it is apart of American culture, given to charity, and keeps items cheap.
Between 2001 and 2006, there has been an increase of .6 cents for the reproduction of the penny. This increase displays economic problems that may lead to fatal ones. The penny is composed of 2% copper and 98% zinc. These elements are exponentially in demand causing the price of these materials to skyrocket. Many Americans think the penny is putting our country in jeopardy with financial losses. This meaningless coin is losing money for the mint, and should be abolished.
Paperclips are an everyday use in today's world. They hold our papers together, when we don’t want to use a stapler that will poke the unwanted holes into our paper. They also keep our papers organized and neat. There are many types of paper clips that were created, but only a few really were the ones. Over the many years, since ancient Eurasia, the clip has made its way through many patents, inventors, machines, and much more. There are many different colors, sizes, forms of paper clips.