Throughout American history, the penny has symbolized this nation’s unrelen ting commitment to liberty and personal freedom. This seemingly ‘Worthless” toke n for America’s economy has been utilized more as a symbol of national pride than a unit of monetary value. Due to the penny’s historical significance, a symbol of liberation and dedicatio n is created for not only the people of this country, but for the economic system as well. Furthermore, the symbolic meaning of the penny has more value than the act physical and tangible value it gives Americans.
It’s in our pockets, wallets, cars, nd streets; ultimately symbolizing a sense of reminder for the people. The penny has bee n around for over one millenia: evolutionizing throughout history. Source G, through image s, shows the distinguishable attributes of the penny in the year of 1793, and in the year of 2005. These scanned images show a characteristic for the people of America, a characteris tic that shows and exemplifies values. Liberty, and freedom; what people value the most. Th e penny not only solidifies the American dedication for liberty and freedom, but it also rep resents a sense f national heritage due to the value it gives us.
Above all, our American past s preserved upon this significant American emblem of pride and unity. Not only does the penny act as a reminder of symbolism, but it also acts as a contributed importance to the American economic system and currency. The abolishment of the penny would affect particular state economics, like Tennessee, as seen in Source A. Lewis shows the economic importance for the penny in different states, espec ially in states that produce substantial amounts of zinc. The penny “up until 1982.. since the they have been 97. 5% zinc. (Lewis) contributes to Tennessee’s economic wellbeing and attributes. State economics and currency would also be affected dramatically by the rou nding of the new lowest denomination coin as mentioned in Source A as well. Lewis discusses t he resulted action of the money system if the eradication of the penny occurred; and how industry, businesses and companies would simply either round up or down. Assuming that businesses would round up to the nearest dollar, monetary value and economy would be subjugated by the unfamiliar currency and value.
The prosperity and economic balance relie s on not only each and every specie, but greenbacks as well. The skewed balance of it all wo uld relentlessly cause economic damage, and for the balance and prosperity to pr olong, it’s necessary to begin by rejecting even the mere thought of abolishing the penn As both a vital attribute and recognized ingredient to modern American life, t he public mostly favors in not terminating this “small” token Of economy. Lower class, 0 r majority of the public as seen in Source E favors and preferences in the opposition of abolishi g the penny.
The statistical information given by the reputable “Harris Poll” sends out the i mportance of the penny to lower income adults. Evidently, wealthy people don’t rely on the nee d of pennies due to the abundance of other monetary circulation they obtain; however lower in come adults do due to the fact that the penny is more useful to their living standards and circ umstances. For lower income individuals, as seen in Source E, the penny applies to an abunda nce of society; the working class.
The percentage differences show the increase in people fav ring to abolish the penny by the amount of income they earn; the highest $75,000+ shows th e highest percentage of people wanting to abolish it; and vice versa for the lower incom e individuals in society opposing abolishment. The Harris Poll not only shows the discernible economic views of the people; but it also shows two different societies view on the purpose a nd value of the penny. Although upper echelons Of society might say the monetary value Of the penn Y is seemingly weak, Source B rejects that idea by epitomizing an average man by the name of Edmond Knowles.
Knowles for thirtyeight years saved 90 pennies a day, result ing in 4. 5 tons of spare change. After recycling the change through Coinstar, the pennies flou rished with useful amounts of actual money. ‘That would be 1,308,459 pennies or, $1 84,59.. ” Source B states as it expresses the fact that overtime pennies do have a monetary val ue. It not only shows that the penny can overtime provide with an actual use, but it ultimatel y conceives more of an importance of the penny to all societies. The penny can apply to a ny type of people; wealthy or impecunious, and with time it can give more of a tangible v lue to anybody.
The penny’s value overtime has become a national symbol for the people Of A merica. It has waffled throughout history, from a symbolic meaning to a monetary val ue to lower income individuals; from a sign of hope to a reminder of national heritage. Bu t what links the penny to society is its true meaning of how it evolved within our culture, econ omy, and time. The penny not only links us to our American roots, but links us to our America n attributes; the ultimate and most significant value we obtain and come across in this country : life, liberty, and freedom.