How To Keep The Penny Dbq Essay

There are many monuments and traditions that are important for the U.S. that need to be remembered due to the show our past and will shape our future. The penny is part of the America culture and is even seen as ‘lucky’ when found. The penny is essential in a person’s everyday life which will guide the nation upward economically.

One of the reasons why we should keep the penny is that it “remains popular with the public and [is] important to our pricing system” (Source D). In places like the European Union, “the smallest coin…[has] a value equivalent to one cent” (Source D) which assists in international commerce. Moreover, the penny’s value comes from its ability to “avoid the systematic rounding of prices” (Source D). In countries like

Canada and Japan, “the penny or penny-equivalent remains in production… in those countries” (Source D) which further emphasizes why the penny should remain in circulation in the U.S. Furthermore, the “U.S. is among the last industrialized nations to abolish [the penny]” (Source D) is a false statement due to the “inaccuracies” (Source D) being said the penny has to avoid the systematic rounding of prices” (Source D) which if they weren’t to exist it would cause inflation of the economy.
In continuation another reason why, we should keep the penny is because in the face of such controversy, proponents of the penny have responded astonishing due to the production needing to be continued for the prosperity of others no to go down the drain and it would also be a waste of money to get rid of the pennies.

In the survey done to the public “only 23% of the total number of people want to get rid of the penny” (Source E) meaning that those voted against the penny it would be almost impossible for them to get the support needed on account of many using them to raise money for a charity or gathering money for themselves and end up earning up to millions. The poor communities are going to be greatly affected if the penny is abolished which is the reason that “around 62% of low income class are against abolishing the penny” (Source E) they will be hurt by the rounding of prices while the “thirty-two percent of upper class favor the abolition of the penny” are in position to give up that extra money it will end up being the cause of the economical downfall of thousands of Americans. Additionally, if the penny is abolished companies across the country will be needing to change many of their data which does not come out as cheap which is the reason that “the percentage of people that rule in favor of keeping the penny is 59%” (Source E). Companies will not want to waste their money on useless programs and those who do agree will be letting people go so they are able to

earn bac the money lost.
The penny has a sentimental value that causes many to be hesitant to get rid of it and it is also hard for people to let go because they keep renewing them, “Lincoln pennies with four newly designed reversed” (Source F).

This object “… is perhaps the most visible and tangible reminder of Lincoln’s significance in American history” (Source F) and many see the feelings showed in thought history and the leadership/impact that Lincoln had during his presidency. The United States had overcame wars, for example the American Civil War which happened during Lincoln’s term, and the penny was a “…preservation of the United States of America as a single and united country” (Source F). It shined a light in Americans and had hope due to the fact that other coinage had only had the image of liberty it had “depicted a real historical figure…”(Source F). It is really significant to point out that Lincoln had passed and people were still having “…bicentennial celebrations…” (Source F) for him which shows how many care about the ‘little’ things that shape the country and they do not want to let go of those

traditions.
Americans benefit from what the penny has to offer which can be from economical stability to preserving pieces of history. The penny is more that a form of coinage, without it the United States wouldn’t have many of the stuff it is known for and getting rid of it would be like New York getting rid of the Statu