A Bill’s Size Should not be Determined by Value
INTRODUCTION:
Money is all around us. There are the people in the world with stacks of bills ranging from high to low values and then there are also the people who may not have a lot, but still have amounts of valued bills. Some things that never change are the size, shape, and color of a United States bill. Coins vary from size and color but bills never change and should never change. Today I will be discussing the convenience, the ways around the difficulty with money, and the overall positives with money being one size. Money is always nice, but would life be easier if your wallet was filled with bills or multiple sizes or would that make it more difficult?
With money one size your
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Not everyone gets by easily with money being one size, shape, and color. For the blind and visually impaired, money size has always be a problem and debate for improvement. According to amp.timeinc; “challenges around currency have long been an issue; the Treasury Department was sued of it in 2002” Many argue that money is not made to help those impaired, but doesnt mean those who cant see cant handle their own money. Many tactics exist to help those of impairment and make money use convenient and easy for everyone. Phone apps, scanners, braille money markers, and folding mechanisms all exist to help those see the famous Federal Notes we see and use today and everyday. Money size should not change because of an issue that can be worked around and improved with the slightest symbol, variation, or mark easily placed on any bill. Bills are utilized well as the size they are formed at and grossley has many safeties and positives with them being one size.
Money is easy to make, but not easy to counterfeit when it is one distinct size, shape, and look. If money was multiple shapes for different values, it would be less easy to create and print and more easy to fraudulently duplicate. According to HowMade.com; money has a certain routine and form for design that makes each bill how it is. “Each bill, regardless of its denomination, costs the government about 3.8 cents to produce. There are 65 separate operations in the production of paper money.” For all
My presentation is on why the pictures of American presidents are placed on money, and what the other symbols on money mean. I will also discuss why Alexander Hamilton and Benjamin Franklin are also on American money, despite the fact that they never served as President of the United States, and I will compare the symbols and portraits of Turkish lira to the symbols and portraits on the American dollar.
To begin with, pennies aren't the only coins that cost too much to make. According to Jeff Sommer, who wrote the article “Penny Wise,or 2.4 Cents foolish?” he states “Each
It has come to my attention of how we use our money and noticed that pennies aren't being taken seriously. I realized while standing in the checking line, people would rather use dollar bills instead of the piggy bank of pennies in their possession, not only because of limited utility, for instance, pennies are generally not accepted in vending and bulk machines, but also because the act of producing the penny cost more than the actual penny itself. So I ask myself, "Why use pennies? Should they be eliminated?" The growing debate of whether or not the penny should be eliminated from all cash transaction is, personally, futile, when they, themselves, doesn't bother to use them.
I actually really enjoyed the video. It made me think about things that I honestly never thought about. I thought it was interesting how our currency compares to other countries. Especially when Neil deGrasse Tyson brought up how although we do have a scientist on the back of our money that the back of ot has nothing to do with that scientists achievements. Firstly, I would change the five dollar bill from having Lincoln on it to Rosa Parks and on the back I would put a picture of the old buses that were used during the time when the bus boycotts happened. Although she was not the only person to refuse to move to the back of the bus, she helped kick start a major movement. I would put her on the five dollar bill, because it is a very common bill, so most people would see it very often. She was an amazing person and everyone needs to be reminded of what she did/ started on a regular basis.
Money is the crux of society. Without it, anarchy would break out. Bargaining would fail as people would claim the trade wasn’t fair, thievery would explode across the globe, lazy people would do nothing, and people wouldn’t have motivation to do anything but help their own family and selves. Yet, while everyone knows money is important, is ALL money important? For centuries, the penny has been part of American currency. And back in the day, it served a great purpose. Pennies could buy candies, breads, and many other things all on their own. But as time has changed, so has the value of the penny. As costs went up, the value of the penny went down. And with its lesser value, some people wonder if it’s even worth it to keep the penny around. But the answer to that little puzzle is as easily seen as a jigsaw meant for four years olds is put together. The penny must be kept.
The “Money as Debt” was created by Paul Grignon in 2006. It is the most fascinating video I have ever seen. Moreover, I am just amazed how much I have learned in just 47 minutes. This video describes how basic banking system works and answers the question where the money comes from.
In 1811, when the first bank of the United States concluded, many banknotes were distributed, but banks were not keeping enough silver and gold to collect when requested. Large number of notes were handed out with different values and collections all at the same time as a result counterfeiting was easy. Congress handled and funded the second bank of the United States in 1816 which were allowed the state bank to issue money but its amount did not authorize
Everybody in America has once had that shiny, copper, small penny jingling in their pockets. The smallest denomination in the U.S. worth only one cent, has been a part of this country for hundreds of years. This coinage has brought a significant effect on our strong American economy. But a problem has been brought up within the last couple decades on whether or not the penny shall be abolished or not. The penny has historical importance and is appreciated more than people believe pennies to be
America should not kill the penny because getting killing the penny would be like cutting off your hands. America needs the penny so they shouldn’t get rid of it. According to the spruce.com, “The penny is a very sentimental coin to most american due to Abraham Lincoln on it”. The penny would have to be rounded up to the next cent which is the nickel.
Money is crucial in many ways or everyday events like for buying food, paying rent, etc. Money has its own value but not all currency is used. Money has its own value but not all currency is used. The penny has the least amount of currency and is found on the sidewalk, sofa, in between car seats because nobody benefits form the penny. It doesn't have enough value to be kept around so lets just end the penny ones and for all.
I believe a country that just takes its independence from a super power of the world, they should have one type of money so that every state uses one banknote. I am strongly against the Article of Confederation because it did not allow central government to print one banknote. I believe it creates many problems for all citizens while they try to do business with other states. For instance, I believe when business men from Virginia would import anything from New York, they had to exchange their money before doing business. It will also be an obstacle for the business men who might lose some of their money while they exchange into another banknote. Additionally, when there is limitation that obviously makes less interest businessmen to invest their money, especially a country which is in progress of development and
Some people were complaining about the pennies being changed from a whole lot of various styles for the penny. Like once, they complained about being too big, too small. Stated in the article “The Many Faces of the
After that, there's the fact that pennies are quite useless. Most of the time they only get their use if you buy an item that ends in .99 or .98, if you got rid of the penny most prices would be in denominations of .05, so it’s easier to add, and in turn less confusing, the downside is that it costs a cent more, but it doesn’t add up to much. Another problem is that they take up too much space, since they are
Going line by line of the poem MONEY by Dana Gioia. The first stanza, 3 lines are all syllabi for money, all different names that people usually call money. The next stanza are things that you do with money, spending it. You are either spending it or “watching it burn a hole in your pocket, so you are either spending it or itching to spend it. Stanza 3 again is using different names for money. “greenback” is another name for a dollar bill. “double eagles” is another name for a gold coin that is worth twenty dollars and so on.
To start off, many people think the penny should be eliminated. Some say we should stop the production of the penny because it costs approximately 2.41 cents to make each penny, as of 2014. Others believe that pennies take up too much space and take too much time to count. Some have even gone as far as eliminating the nickel. It costs over 11 cents to produce each nickel. Many people feel as though pennies are not worth the trouble of carrying around and that the penny is not worth enough by itself. “”Pennies take up too much space on our dressers at home,” Jim Flaherty, the Canadian finance minister, said in a speech last month. A persuasive government brochure put it this way: “After eliminating the penny, businesses would use the rounding system to avoid using the pennies. Most people use debit and credit cards to pay for their everyday goods these days.