Dbq Essay: Abolishing The Penny

Decent Essays
Show More
Would abolishing the penny be an economical challenge for the state? A United States Representative, Jim Kolbe went to congress with a bill to eliminate the coin. Even though he failed, there is still many wanting to do away with the penny as the smallest coin because they think it is worthless. The penny has a story that shows the importance of history including our previous United States President, Abraham Lincoln. Many people believe this coin is useless. It is time to show this state that the coin has sentimental and historical value.

First, Abraham Lincoln was an intelligent and sanguine leader that wanted to start a new history. The penny began a new history and along with Lincoln abolishing slavery. According to Source B, the

Related Documents

  • Improved Essays

    Abolish The Penny Summary
    • 541 Words
    • 3 Pages

    Abolish The Penny Summary

    In the article Abolish the Penny by William Sapphire, a former speechwriter for Nixon tells us his opinion on the penny being abolished. He had a very strong passion towards it being abolished and quite frankly, I agree with him too. I agree with the abolish the penny article because there is nothing that we can buy with the penny, America has nostalgia when it comes to traditions, and As Sapphire puts it "you can't buy anything with a penny anymore. Penny candy? Not for sale at the five-and-dime (which is now a ''dollar store'').…

    • 541 Words
    • 3 Pages
    Improved Essays
    Read More
  • Decent Essays

    Lincoln Penny Research Paper
    • 288 Words
    • 2 Pages

    Lincoln Penny Research Paper

    Did you know the penny you see today has not always been the same? Over the years there were many changes made to the Lincoln penny. These changes have affected the appearance and makeup of the penny. The first of the changes made was in 1909, when the sculptors initials were removed from the penny.…

    • 288 Words
    • 2 Pages
    Decent Essays
    Read More
  • Improved Essays

    Penny Synthesis Essay
    • 710 Words
    • 3 Pages

    Penny Synthesis Essay

    People also use pennies for wishing wells, or even just end up throwing them away. This does nothing to use their worth. It also wastes the money used to create the penny. If no one is making use of the penny, why are they still being…

    • 710 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Gore's Argument For Removing The Penny
    • 606 Words
    • 3 Pages

    Gore's Argument For Removing The Penny

    In 2001, Jim Kolbe (a member of the house of representatives) proposed a bill to congress to remove the penny from the American currency. Although this bill was rejected, there were many individuals who agreed with the it. Looking at the proposal from a logical point of view, it would make sense to remove the penny from the American currency as it becomes a nuisance to the common civilian and it costs more to make than it is worth. Wasting the time and pocket space of the common man, the American penny still holds strong as the smallest denomination of our currency system.…

    • 606 Words
    • 3 Pages
    Improved Essays
    Read More
  • Great Essays

    Penny Argument Analysis
    • 480 Words
    • 2 Pages

    Penny Argument Analysis

    Harvard Economist Greg Mankiw one said, "It costs the mint well more than a cent to make a penny. The solution, in my view, is to get rid of the penny. " This means that the penny costs more to make than they are worth. The materials that are used in the penny are expensive and taxpayers lost millions of dollars for the production of the penny. The production of pennies should be eliminated throughout the United States.…

    • 480 Words
    • 2 Pages
    Great Essays
    Read More
  • Improved Essays

    Texas Penny Tax Case Study
    • 907 Words
    • 4 Pages

    Texas Penny Tax Case Study

    In today’s society, an internet connection is a precious commodity that enables the population to communicate with one another, access information, and work. Without an internet connection, people and business cannot compete in today’s world. Likewise, it is important for Texas to develop a better telecommunication infrastructure. Historically, Texas has done a decent job supporting the development of the telecommunications infrastructure. For example, “In 1995, the Legislature created the Telecommunications Infrastructure Fund Board who raised $1.75 billion; and funded more than 11,000 grants to assist educational institutions and healthcare centers establish telecommunication projects …”…

    • 907 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Banning Pennies Research Paper
    • 608 Words
    • 3 Pages

    Banning Pennies Research Paper

    We have wasted time, effort, and our economy on pennies. And all they do is just weigh down your pocket. It is common knowledge that pennies are more expensive to produce than they are worth. But, there are many other negative detriments about pennies. Honestly I see them more in math problems than in real life.…

    • 608 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Penny Synthesis Essay
    • 654 Words
    • 3 Pages

    Penny Synthesis Essay

    The penny should be kept. Others may argue that the penny is not worth it, but it is very valuable. Even if it is only one cent. The penny has influenced our culture, and eliminating the penny would cause problems. The penny can be changed to be more cost-effective.…

    • 654 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Research About Pennies
    • 977 Words
    • 4 Pages

    Research About Pennies

    Another fantastic reason is because sometimes I couldn't see the president on the coin because of the dirt The reason why I wanted to study cleaning pennies is because I like shiny coins especially pennies . Instead of the old dirty, rust, and nasty pennies I wanted to figure out which solution will make the pennies be cleaner and shinier than they were out of bleach solution salt and vinegar solution, toothpaste solution, and vinegar/ baking soda solution. As you might know Pennies are made from Benjamin Franklin because he had a thought to bring the penny to america even though most people in America call it penny the real expression is actually “one-cent” piece. The expression “penny” came from the british and they call their penny…

    • 977 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Argumentative Essay: Should Pennies Be Eliminated?
    • 1030 Words
    • 5 Pages

    Argumentative Essay: Should Pennies Be Eliminated?

    Currently sweeping the internet by its feet, quite the controversial question has been raised. “Should pennies be eliminated or not?” Many are posting their personal opinions as to why the U.S. should get rid of the penny, while others are seen posting as to why the U.S. should not eliminate the penny. Both sides are giving wise reasoning as to why their claim is correct, but neither coming to a conclusion anytime soon. Given the fact that there is history within the penny, the penny isn’t the only coin that costs more than it’s worth, and that rounding taxes will add up eventually without pennies, the penny should not be eliminated.…

    • 1030 Words
    • 5 Pages
    Improved Essays
    Read More
  • Decent Essays

    Assignment 1: Penny Case Answers
    • 158 Words
    • 1 Pages

    Assignment 1: Penny Case Answers

    Penny, At the end of 2012, Woodhaven was requested to do a review of our inventory and identify any items that should carry an additional obsolescence reserve, above and beyond the standard Woodhaven reserve calculation. At the time, we identified approximately $100K in additional reserve that was recorded directly on to SALO books, not Woodhaven. Each quarter, analysis of those items has been performed and an adjustment has been made to the balance. The current quarter calculation is attached which has a reserve balance of $13,619.92.…

    • 158 Words
    • 1 Pages
    Decent Essays
    Read More
  • Superior Essays

    Sebastian Junger's Tribe Analysis
    • 1246 Words
    • 5 Pages

    Sebastian Junger's Tribe Analysis

    The source…

    • 1246 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    Abolish The Tea Party Essay
    • 1270 Words
    • 6 Pages

    Abolish The Tea Party Essay

    Did you know that the current U.S. national debt is over $17 trillion dollars? To pay this debt off every american’s share of the national debt would be more than $50,000. Washington's answer to this problem has been through taxation, raising the debt ceiling, and printing more money. The Tea Party group promotes cutting back spending and reducing the size of government to create a debt free society for future generations. The Party is a “mainstream American,” group that believes in the U.S. constitution, the Declaration of Independence and is not a radical group.…

    • 1270 Words
    • 6 Pages
    Improved Essays
    Read More
  • Improved Essays

    Penny Stock Essay
    • 485 Words
    • 2 Pages

    Penny Stock Essay

    Hot penny stocks list are the ideal investment opportunity with the availability of cheap penny stocks to buy. Global penny stocks are a very good investment for small time investors. Hot penny stock list is that which trades at a relatively low price and market capitalization, outside the major market exchanges. Penny stocks are generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited disclosure. They often trade over the counter bulletin board and pink sheets.…

    • 485 Words
    • 2 Pages
    Improved Essays
    Read More
  • Improved Essays

    Argumentative Essay: Should The Penny Be Eliminated?
    • 595 Words
    • 3 Pages

    Argumentative Essay: Should The Penny Be Eliminated?

    Is the penny needed in the United States anymore? Some people believe the penny should be preserved because it is an important historical part of the United States. However, other people believe the menny should be eliminated because it is costs more to produce than what it is even worth. The penny should be eliminated in the U.S. currency because pennies are a waste of time, not worth a lot, too much to make, and nobody can buy something with just one penny. The penny should be eliminated because of several reasons including things will cost less and the government will not waste $100 million each year.…

    • 595 Words
    • 3 Pages
    Improved Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings