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History of penny prices
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“Pennies are often stored in jars, thrown in water fountains or refused as change”-Penny wise or 2.4 cents foolish by New York's Times Jeff Sommer. The information that will be used in this argumentative essay will be gathered from New York Times Jeff Sommer article called “penny wise or 2.4 cents foolish”, “Give a penny save the day” written by Ted Waterhouse, and last but not least “The Ever-Changing Penny” by Maria Story. All these articles are About why pennies should stay in our life or should be gone for good. Getting rid of pennies is necessary because they are a waste not only because in any corner of your house they can be found as well as on the streets in your neighborhood and they are not used as much that is why getting …show more content…
In article “Penny wise or 2.4 cents foolish” by New York's Times Jeff Sommer they provide evidence in what will mentioned in the following sentences of this paragraph. When your going out and you need to pay the coin machines you usually might put in quarters, dimes ,and nickels because they might give you the most time and pennies might not even give you more than a minute there usually refuses in those machines as well. These low cents are usually found under beds, fountains, floors, between choushes or literally anywhere in your home. You get the idea don't you with all these cents everywhere making our environment look gross and unclean pennies should just be taken away people should collect all there pennies put them in bags and take them down to the nearest bank so they can be melted and got for …show more content…
According to the article “Penny wise or 2.4 cents foolish” by New York's Times Jeff Sommer states that plenty of other countries has gotten dropped there lowest coin such as Australia, New Zealand,Brasil,Finland,and so many more and by a look of that they are doing fine. Getting rid of there low cents might have helped making their home look better and not having random coins everywhere. Pennies will not me missed it might make our living cycle better such as when they where burly made they had meaning because back in the day they didn't have so much money so the penny was very important to those that needed or had money but now money has become larger such as the 100 dollar bill or the 5$. Many people don't even have cent anymore or even bills most us a credit card so that they don't have to carry “change” That is why low cents will not be missed because they are unimportant now inn days and should just be gone once and for
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.
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
In America’s modern day economy, the penny is very useless and irrelevant in our society today. As source C states, “The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny.” There is not one item that can be purchased with a penny anymore (Source C). As source C states, “it takes nearly a dime to buy what a penny bought back in 1950.” Stores such as the Dollar Store prove how the cheapest items you can purchase are with only a dollar, not a cent. Pennies are shoved out of the economic picture by credit cards and because of the modern-day technology, there are even self-service machines that help convert coins into paper money (Source B). Furthermore, pennies are easily tossed into piggy banks or appear behind chair cushions. It is not used the same way as it was before.
Barbara Ehrenreich’s story, in her book “Nickel and Dimed,” was humbling to read. Her quote at the end of her book left me speechless. She states, “I grew up hearing over and over to the point of tedium that hard work was the secret to success: ‘Work hard and you’ll get ahead’ or ‘It’s hard work that got us where we are.’ No one ever said that you could work hard—harder even than you ever thought possible—and still find yourself sinking ever deeper into poverty and debt (220).’” When I first started to read this quote I thought it was going to be encouraging, but by the end my heart felt heavy for people like Ehrenreich that are stuck in poverty and can’t seem to get out, no matter how hard they work. It is such an eye opener to me because I have grown up hearing things such as “work hard to get what you want”, which is similar to what Ehrenreich has heard as well, yet Ehrenreich didn’t find this to be true. Being privileged and having parents that support my financially is something that I take for granted.
Barbara Ehrenreich’s use of logos in order to gain the reader’s support and approval was prevalent throughout this section. She clearly outlines her credibility and aptitude in the introduction of her novel - she mentions her education as well as statistical facts about hourly wages in the United States and how they will relate to her experiment. She points out her “…PhD in biology, (which she) didn’t get by sitting at a desk and fiddling with numbers” and how “According to the National Coalition for the Homeless, in 1998 it took an hourly wage of $8.89 to afford a one-bedroom apartment…the odds against a typical welfare recipient’s landing a job at such a ‘living wage’ were about 97 to 1.”
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
The debate of eliminating pennies or maintaining pennies is a current focus in the United States. Many people think that eliminating the penny would positively influence the United States because the government would not have to devote millions of dollars for pennies. While many other people think that eliminating the pennies would negatively influence the United States because of the rounding tax that would be introduced after the pennies are eliminated. I think that we should continue to keep on manufacturing the pennies because the penny shows how it impacted the English language, it can also help causes that can save lives, and pennies can keep the government from creating the rounding tax which can cost consumers millions of additional dollars.
In the documentary film, Page One: Inside The New York Times, the inner world of journalism is revealed through journalists David Carr and Brian Stelter as the newspaper company The New York Times, struggles to keep alive within a new wave of news journalism. The film is dedicated to reveal the true inner mechanics of what modern day new journalists face on a daily basis and leaves the audience almost in a state of shock. It broadcasts news journalism as yes, an old school method of news generation, but it also highlights an important component that reveals the importance behind this “old school” methodology. We often think that progression always correlates with positive products, but the documentary insists that within the case of modern journalism, the new wave method is actually a detriment that can reap negative consequences.
Back in the 1900’s kids all over would be so grateful to find a penny. Doing so meant they got to run to the local candy store. William Safire, author of “Abolish the Penny” agrees with the notation of abolishing the penny. In Safire's article he makes a strong claim stating that you, “can’t buy anything with a penny any more” (Safire). Expanding on that claim, there is no point in keeping something around that is taking a resource of zinc and copper, when the resource is being wasted to the garbage. Back in the day it would be absurd to throw such a useful coin away. There is no real need for the coin so keeping it around is simply
Due to most people believing the penny is useless, they are more than happy to give them away to charities who actually need money. For example, a middle school raised over $3,000 in a week by creating a fundraiser which asks for student’s pennies. “if the United States eliminates the penny, charities will suffer because people will pay more at the store and feel they have less to give those in need.” (Source 4) People think pennies are worth little so they have no problem giving their pennies away. Also, charities who receive pennies would lose a large amount of money if pennies were no longer
To begin, more than half the amount of pennies made are lost and dropped out of circulation almost immediately. “ Two-thirds of them immediately drop out of circulation, into piggy banks or—as The Times’s John Tierney noted five years ago—behind chair cushions or at the back of sock drawers next to your old tin-foil ball,” as stated from “Abolish the Penny” by William Safire. To explain, while most pennies are disappearing, never to be seen again, the U.S.
There is definitely no purpose and meaning in continuing the creation of these worthless objects. All they do to the United States is cause trouble, and they are clearly a bothersome to uphold them in our possession since they barely contain any value. Our economy would be fit with just dimes, quarters, and nickels as our coins. Abraham Lincoln, who was the president represented in this penny, would disapprove having his reputation and honor shown in a futile currency. The government needs to stop producing pennies. They create a loss of money rather than a profit; therefore, these copper cents need to be gone from our economy. What other choice is available? What can these pennies do in order to redeem their glory? It is nearly impossible to convince residents to use pennies once again. The penny has lost its value, and their dignity has become faint to us. It is time to eliminate pennies–for
Everyone knows the penny, the one-cent coin that has influenced American culture throughout the ages, what you may not know is that America’s smallest coin is under attack. As a result of the costly production of pennies, people have been debating over whether the penny should continue to be printed and used. Although some think kicking the penny to the curb is the way to go, the penny should not be done away with because of the cost of inflation, the cost of other coins, and the cost of losing a very valuable asset in our money system.
tax payers are losing money on penny production. Why should tax payers (you and I) lose money on pennies that a lot of people just throw them on the streets. Because of that the government has to produce new amount of pennies. In the Retire the Penny website, Canada, New Zealand, and Australia have already eliminated the one cent currency. However, even though it cost a twice as much as it’s really worth, there are some counterargument about eliminating
Countries like New Zealand, Brazil, and Canada have all concluded that pennies are no longer worth making because of all the negatives about them. In the article, “The Penny Debate- Should We Keep the Penny or Get Rid of It”, the author states that getting rid of small coins doesn’t hardly have an effect on anything because most people don’t use them anyway. If all the other countries have abolished their small coins with no problem America should be able to get rid of the penny with no