Top-Rated Free Essay
Preview

Penny Synthesis Essay

Good Essays
425 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Penny Synthesis Essay
The penny has served as a trademark for America since 1793 and it has helped us succeed in many ways throughout American history. The U.S. continues to draw strength from its history and honored traditions. Therefore, preserving these traditions is vital to the continued greatness of our country. The U.S. should not abolish the penny because it is valuable to the economy, significant to society, and an important tradition to continue. Simply put, the penny is far too valuable economically and historically to be banned. State economies depend on it, our past is preserved by it, and our traditions are honored by it. In the article, Source A explains the significance it has to the state of Tennessee, which is rich in Zinc. Therefore, it is essential to their economy for penny production, and the citizens would be greatly affected. The penny is a largely recognized historical component of American life, and it is far too entrenched to be easily uprooted. All of the time and money spent to campaign to abolish it is simply not worth the “benefits”. Source E, a poll from the Harris group, shows the strong desire American’s have towards keeping the penny, thus its importance to society. It is noted in Source D that the penny remains essential to the public and is very important to our pricing system, including taxes. The penny’s most recent intent was to recognize and celebrate President Lincoln’s birth, and has been an important historical tradition ever since. Source F mentions how the penny is one of the most visible reminders of Lincoln’s significance to American history. As seen in Source G, the penny has existed in our society since the country’s earliest days. It is a portrayal of one of our greatest presidents, as Source F explains how the Federal Government has done well to secure the survival of the penny symbolically by renewing the images of President Lincoln. Banning the penny would be detrimental to America, both historically and economically.

Works Cited

Source A
Lewis Mark. “Ban the Penny.” Forbes.com 5 July 2002. Web 8 February 2006
Source D
Weller, Mark W. Americans for Common Cents. Unpublished letter to the New York Times. Pennies.org 7 November 2006. Web
Source E
Harrisinteractive.com “Abolish the Penny? A Majority of the Public Says ‘No’.” 15 July 2004. Web 8 March 2006.
Source F
Abraham Lincoln Bicentennial Commission. “President Bush Signs Lincoln Penny Redesign into Law.” Lincolnbicentennial.gov 22 Dec 2005. Web 6 March 2006
Source G
Penny 2005. Penny 1793.

Cited: Source A Lewis Mark. “Ban the Penny.” Forbes.com 5 July 2002. Web 8 February 2006 Source D Weller, Mark W. Americans for Common Cents. Unpublished letter to the New York Times. Pennies.org 7 November 2006. Web Source E Harrisinteractive.com “Abolish the Penny? A Majority of the Public Says ‘No’.” 15 July 2004. Web 8 March 2006. Source F Abraham Lincoln Bicentennial Commission. “President Bush Signs Lincoln Penny Redesign into Law.” Lincolnbicentennial.gov 22 Dec 2005. Web 6 March 2006 Source G Penny 2005. Penny 1793.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    According to the passage, the Lincoln penny had the initials of the designer, Victor D. Brenner on it. Americans complained the initials were too big and needed to be removed. This resulted in them removing them and later putting them back on, just smaller. Nowadays pennies from 1909 are very valuable and rare.…

    • 270 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. The Mint was created by Congress with the Coinage Act of 1792, and placed within the Department of State. Per the terms of the Coinage Act, the first Mint building was in Philadelphia, then the capital of the United States; it was the first building of the Republic raised under the Constitution. Today, the Mint's headquarters is in Washington, D.C. It operates mint facilities in Philadelphia, Denver, San Francisco, and West Point and a bullion depository at Fort Knox.[1]…

    • 2026 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    The Liberty Bell, would be one of the most important places in Pennsylvania to me. As described in the book Pennsylvania: History of Commonwealth, it signifies the birth of our nation, independence and freedom (X). I believe it is powerful as it represents many great people who fought for freedom to build…

    • 253 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Columbian half dollar is the first US commemorative coin, struck at the Mint from November 19, 1892, until early 1893. It was issued both to raise funds for the 1893 World's Columbian Exposition and to mark the quadricentennial of the first voyage to the Americas of Christopher Columbus, the first historical person to be depicted on an American coin (pictured). Fair official James Ellsworth wanted the new half dollar to be based on a 16th-century painting he owned by Lorenzo Lotto, reputedly of Columbus, and pushed for this throughout the design process. When initial sketches by Mint Chief Engraver Charles E. Barber proved unsatisfactory, the fair's organizers turned to a design by artist Olin Levi Warner that was modified by Barber and…

    • 126 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    According to Jackie Calmes; The Treasury Secretary Jacob J. Lew announced the most sweeping and historically symbolic makeover of American currency of the century. He proposed to replace the slaveholding Andrew Jackson on the $20 bill with Harriet Tubman. Mr. Lew also proposed adding women and civil rights leaders to the $5, and the $10 note as well.…

    • 675 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Penny Coin Dbq

    • 731 Words
    • 3 Pages

    The penny is seen as time consuming, annoying, and useless because of the time spent in lines as someone rummages through their wallet to find all their pennies, the wasted space in pockets and on top of desk drawers, and the fact that they are not valued as much as other coins. Although these arguments are plausible, they would not justify the penny coin being expunged. Fishing for pennies in the grocery store line only requires a few seconds, they do not take up more than a few square inches at most, and the worth of the penny depends solely on the person who is in possession of it. Ridding the U.S. economy of the penny to speed up a cash transaction and empty up a few inches of space would be naïve, especially considering it's historical and cultural…

    • 731 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Penny Synthesis Essay

    • 744 Words
    • 3 Pages

    . . [thus] render[ing] the penny unnecessary” (Source A). While this law may reduce the amount of pennies produce and thus reduce the amount of copper manufactured for pennies each year, Kolbe’s proposition has the ability to lead into an endless peril of ridding the economy of the lowest-value coins. If the penny is not used, will the nickel then be banned in a few decades? Then the dime? The quarter? Introducing such a system of currency would prove far too strenuous to Kolbe regardless, given the fact that fifty-nine percent of Americans aged eighteen and over oppose abolishing the penny, compared to twenty-three Americans favoring the abolition of the penny with eighteen percent of citizens having no official opinion (Source E). The time and money spent to conduct polls and attempt to persuade two-thirds of the American population to forfeit their pocket change proves fatal; it would be a waste of time and evidently a waste of money (including pennies!). Even our neighbors in Great Britain, Canada, Japan, and the U.S. have “the penny or penny-equivalent” coins (Source…

    • 744 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In conclusion, hopefully you now notice the importance's of why the government should stop the production of pennies. If the production of pennies is not stopped, moreover America’s inflation in the economy will only become worse(Maria Story). Some artifacts, no matter how valuable, are just not worth keeping. The Chicago Tribune put it perfectly, “Time to kill the…

    • 678 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Making our journey to the 21st-century a question has arisen in the minds of the United States government leaders: should America continue or discontinued the penny? Well, why continue a coin of such little value and significance? The penny should be eliminated because the uneconomical coin is a waste of time, resources, and money.…

    • 501 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In modern day society, currency is an imperative part of our everyday living. From purchasing groceries to paying bills, it is integrated into practically every aspect of our culture. It is hard to imagine life without currency as a means of competitive exchange. However, in Colonial America, there were several different types of money used in numerous ways. One means of currency was not dominant over any other until well after the American Revolutionary War. The question arises, how did colonists handle fiscal transactions without a bank system in place? They did so in 3 different forms: Native American wampum, trading goods, and early forms of paper money such as “tobacco notes”. A fully functioning society is dependent upon a strong and opportunistic economy. Currency in Colonial America plays an integral part in forming the structure of society as we know it today.…

    • 819 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The reason that we need to keep the penny is because we don’t need anymore change in the US. If we remove the penny, then we will have to change. The nation is already changing so much because of the election and politics and the other things. So why change more?…

    • 401 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Another creation in the American society was paper currency.At first, the paper currency was not worth any amount at all. Anyone could have put any amount on a coin or bill and people would believe that was worth of the currency. This was not working out because money had no value which led to confusion of the value of money. Some Americans were "crying out for a paper currency” (http://shaysrebellion.stcc. edu/shaysapp/person.do?shortName=abigail_adams ).This quote supports the feeling that the Americans had on paper currency because they believed if they had a printed document that states to be owned and published as their own, it would lean on toward of being independent from Britain.…

    • 515 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Why Is A Penny Important

    • 1471 Words
    • 6 Pages

    Although it seems that many people fear an economic collapse if the U.S. was to follow the example of these countries and stop using the penny. “Sweden seems to be getting along fine. New Zealand and Australia no longer have one-cent pieces or two-cent pieces and economic collapse has not happened” (goodcents.co.nz). This means that all these countries have gotten rid of their pennies and have not faced an economic collapse or any economic trouble that resulted from the elimination of their penny. New Zealand even took it one step farther and stopped production and usage of their nickel. Even the US Department of Defense has stopped using the pennies at their overseas bases for more than 30 years and they have not faced any detrimental backlash as a result of it. None of these countries have had problems with their decisions about eliminating their pennies. It would not be difficult for the United States to stop using the penny. “The Coinage Act of 1965 states that there is no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash, unless there is a State law which says otherwise.” as stated by the US…

    • 1471 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Have you ever skipped on the offer of picking up a penny off the floor? Well you made a great choice. For the past couple years there has been a huge debate over the ban of pennies. Some people feel as if the penny is useless to our currency, but some others felt that the penny plays a huge role in the U.S today. The argument today is whether the ban of pennies is going to boost our economy or plummet it. The penny should be eliminated because of the cost, worth, and rounding system. The penny to me has never been a huge contributor or factor. The ban of pennies wouldn't affect me as much as it does now.…

    • 584 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The pennies are worthless

    • 370 Words
    • 2 Pages

    We all understand the penny been worthless why keep it in our currency system in…

    • 370 Words
    • 2 Pages
    Satisfactory Essays