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THE PENNY DEBATE

noah and presleigh 5-d
by

Angela Altazan

on 1 May 2014

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Transcript of THE PENNY DEBATE

WE THINK IT WOULD BE A GOOD IDEA TO KEEP THE PENNY AND THIS IS WHY:

PRICES WILL INCREASE
THE POOR PEOPLE WILL BE AFFECTED
PENNIES ARE SENTIMENTAL TO SOME PEOPLE
CHARITIES NEED PENNIES
PRICES WILL INCREASE
Think about what getting rid of pennies would do to the economy.... The thing that would affect the people the most is the prices would increase!

" Prices would increase - If we eliminate the penny, everything will be rounded to the nearest nickel. Merchants will probably round everything up in their favor, costing us more for everything we buy. " ( About.com for kids )

Imagine how
MAD
adults would get when gas prices go up!!
POOR PEOPLE WILL BE AFFECTED
Abraham Lincoln is on the penny and Americans don't want to see him go.

" Pennies are sentimental - the fact is that americans love their pennies and hate to change things. " ( About.com for kids )
So, even though he is on the five dollar bill, the americans won't budge.
KEEP THE PENNY!
NOAH AND PRESLEIGH
WHY SHOULD WE KEEP THE PENNY?
Remember those people you see freezing on the streets? Those are the poor people that will be affected... They will become even more poor.

" The poor pay the most - A corollary to the above argument says that the poor people will be affected the most, because they are most likely to make more frequent, smaller purchases, thus suffering the rounding up more often. " ( About.com for kids )

So, don't make those people suffer!
PENNIES ARE SENTIMENTAL TO SOME PEOPLE
CHARITIES NEED PENNIES
When charities are in need of donations, people give them pennies. Its a great way to give just enough.

" Charities need pennies - There are thousands of small charities that depend on penny drives to bring in donations. People think nothing of pouring out their old penny jars to support these drives, but they won't part with nickels so easily. "


EVER HEARD OF A NICKEL DRIVE???
THE PENNY DEBATE
BACK-GROUND INFORMATION:
http://coins.about.com/od/uscoins/i/penny_debate.htm
SUMMARY:
We want to keep the penny. If we were to get rid of the penny, prices would increase, the poor would be affected, charities couldn't have penny drives, and also pennies matter to most people. People would get aggravated when they would have to pay more for gas, groceries, houses, cars, and much more. The poor would make less frequent purchases, causing them to stay on the streets. Pennies also have a big impact on american history.
Pennies are made out of mostly zinc now instead of copper because it would cost to much to make. It actually cost 2 cents to make a coin worth 1 cent.
http://www.history.com/news/10-things-you-didnt-know-about-the-penny
http://www.in.gov/lincoln/pdfs/Penny_Fun_Facts.pdf
http://www.cleanvideosearch.com/media/action/yt/watch?videoId=pN-GpLSq2oY
http://en.wikipedia.org/wiki/Penny
PUBLIC REACTION:
If the public found out that the penny was taken away, people could react to it and make it a whole other problem.
Full transcript