It’s no secret to anyone that the penny is pretty much a useless piece of currency. The one cent piece, as its proper term, first came into the U.S mint around 1793, has had of lots of change since its post-revolutionary inception. It has had many different designs, from Flying Eagles, and Indian Chiefs, before having the famous Abraham Lincoln in its present day format (“Brief History of the U.S Cent”). Its composition has also a lot of variations; from 100% copper, to just 2.5% currently (Cohen). Surprisingly, this was not always the lowest amount of currency in the United States money system. The US Half Cent was created in 1792, and was produced until 1857 (“Collectors Guide to US Half Cents”). Presumably, it was discontinued to people not finding value in it. There have been many people today who have been adamant about both keeping and eliminating the penny. Some of the most famous opponents of the penny will have been youtuber known as GCP Grey, who made a video explaining why the penny should be taken out of circulation (Grey). Another opponent is none other author of best-selling Fault In Our Stars author John Green, who made a vlog about how he hates pennies (and nickels) (Green). Even President Obama, is supportive to getting rid of it, saying “anytime we're spending more money on …show more content…
Americans for Common Cents is an interest group in favor of keeping the penny. They claim that from a 2014 poll that was done, that two thirds of the Americans population are in favor of keeping the penny. However, they admit in their articles that less people are in support of the penny as there were supporters back in 1992 (Americans for Common Cents). On the other hand, Citizens to Retire the Penny is a group that’s working to get rid of the penny. While there might very well be reasons good to keep it, the penny is a coin that has long outlived its use and must be taken of circulation of the United States
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.
In 2001 United States Representative Jim Kolbe introduced legislation to Congress to eliminate the penny coin in most transactions. Although this legislation failed, there are still consistent calls to eliminate the penny as the smallest-denomination United States coin. Our nation is founded on passed traditions. Any American can look basically in any place to understand why America has thrived for centuries. Every tradition, sculpture, monument, or artifact gives Americans history about what has occured. The country struggles to destroy any of these long kept traditions. Although some traditions are completely relevant, the use of the penny is of little worth today. Whether the penny is rolling around in your pocket or resting at the
Awarded the prestigious honor to remain forever engraved on the twenty dollar bill, Andrew Jackson became a figure in American history never forgotten. Future generations of younger students will not need to know Andrew for them to assume he was a great man. Unfortunately, the ignorance of idolizing Jackson because he appears on American currency serves to blanket the realities of his administration. Jackson should be removed from the twenty dollar bill.
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
Unfortunately for the National Government, Congress did not have any power to collect taxes from people in each individual state. The Congress could ask for money, but could not by any mean force states to pay them. The National Government greatly needed money to cover expenses and debts. Congress could not pay the Nation’s debt, which meant they could not provide much needed programs and services for the states. With that issue being addressed, it is obvious the Nation had problems with their currency. With no uniform currency for the Nation, each state came up with their individual currency. Every state’s value of a dollar had differences in what they worth. By printing their own money, the Nation’s currency became practically worthless, while the state’s currency was worth quite a bit.
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.
In Barbara Ehrenreich’s social experiment that was designed to get an in depth look on how the American poor survive. One of the many things that affected Barbara’s experience as a poor person was how her employers treated her and her fellow employees in all of their professions. Overall, I think the employers of lower class people treat those people with disdain and put a lot of pressure on employees. This is done to demoralize lower employees and also get the as much productivity as possible out of them. Barbara was treated somewhat differently by each employer she worked for though. This may have happened because the tasks in each job were different but also each individual employer was different. There are still patterns in how employers of lower class employees treat their workers. Barbara shows the relationship between employer and employee is important in how work is done but also how the worker feels about him or herself.
"As of 2014, the cost of making a penny was estimated at 1.7¢. So yeah, it almost costs two pennies just to make one penny- which makes no sense (pun intended)". Over time, many people have called for the U.S. to stop making pennies. Three reasons why are, we have a lot of coins and bills, not many people carry around cash, and making pennies can waste time, money, and minerals. That is why I believe the U.S. should stop making the penny.
Barbara Ehrenreich's intent in the book Nickel and Dimed: On (Not) Getting By in America exhibited how minimum wage isn't enough for Americans to get by on and that there's no hope for the lower class. Her main objective was achieved by living out the life of the "working poor". During the three cases studies she worked many jobs that are worked by many that are simply striving to live day to day. The jobs she had didn't generate sufficient income to avoid or help her rise out of poverty, in fact the six to seven dollar jobs made survival considerably difficult. Enitially, she believe the jobs didn't require any skill but while on her journey she started to realize they were stressful and drained a lot of energy. In addition to that she saw it was almost impossible to get out of the rut of low paying professions once you're in. Barbra Ehrenreich moved throughout three locations attempting to prove her argument. In those states she obtained a job as a waitress, hotel maid, a cleaning woman, a nursing home aide, and a Wal-Mart sales clerk. Not only did she learn about the low wages but also the treatment that was shown to the workers.
less than they need to live on" ( 270.) A good percent of high school graduates move right on to college. They graduate college and then they usually move on to make a good amount of money to live a satisfying life. However, college is not made for everyone, and what would our world be with only professionals? I agree with Ehrenreich that the minimum wage is too low because, while people with open opportunities earn a better future for their families, many like my own, are fighting to get through on a daily basis due to our economy.
For instance, in the article “Abolish the Penny (Source 3)”, it clearly states, “Where do they go? Two-thirds of them immediately drop out of circulation, into piggy banks or –as The Time’s John Tierney noted five years ago –behind chair cushions or at the back of sock drawers next to your old tin-foil ball.” Adding on, many people view the penny as a useless currency, and they even leave it in hidden places around their own home. The reason why pennies are sometimes located in piggy banks or at the back of sock drawers is that citizens see no purpose in obtaining them. In other words, it seems as if the penny has lost its fame and glory ever since other forms of currency have been established, such as quarters, dimes, and dollar bills. As explained by William Safire, quarters and dimes seem to circulate more often than pennies, and pennies “disappear” due to their worthless value and troubles. Specifically, the reign of quarters and dimes has overtaken the significance of pennies, and as time passes by, the term “penny” might not even be mentioned anywhere around the United States. In addition, more people nowadays tend to use quarters and dimes for due change, leaving the penny to become less essential for our needs. As stated in Source 3, the British and French have already abandoned their low-value coins approximately 30 years ago. This demonstrates the probable
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.
“Somebody should research that.” (Ehrenreich, 2001). During the final course of her 30.00 lunch with Louis Lapham, editor of Harpers, Barbara Ehrenreich wondered how people could survive on minimum wage. She would soon be eating her words as Lapham pointed to her and said, “You”.