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 Replies: 16 / Views: 2,955 |
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Valued Member
United States
381 Posts |
Note to staff: I wasn't sure were to put this thread, so please move it if needed.
Okay, in English we started a persuasive essay unit. A my school, at the end of each unit, you have to write an essay coresponding with that unit. I figured that I mine as well get a headstart and come up with an idea. I want it to be numismatic related, so I might actually enjoy writing for once. I already have one idea, which is Why the Presidental Dollar Series Should Die Naturally. (Yes, I did get this idea from a thread, props to whoever made it.) Do you guys have any other ideas?
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Pillar of the Community
United States
1215 Posts |
Very interesting! I wanted to do a history paper on coins at school, so I asked around in General Discussion and got many great ideas. I'm now going with the Coinage act of 1873 and seeing whether it caused the Panic of 1873.
Sorry I was caught up with my topic, but some good ones for you are:
Should we keep the penny?
Should we collect coins even though they contain a taboo topic? (Think Nazi coins and coins from communist/dictatorial regimes, and also the rumored ISIS coins)
Should we lift the rule that a president needs to have died 2 years prior to the minting of his prez dollar?
Should the motto (In God We Trust) be removed from coinage if the nation was founded as a secular country?
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Bedrock of the Community
Australia
21786 Posts |
Lots have been written here in the CCF on the retaining of the penny or not.
If you look at the relevent threads, you should have most of your research material. Better than Wikapedia, which at least a few kids will be tempted to consult.
It should also be relatively to develop a persuasive argument for an essay.
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Valued Member
 United States
381 Posts |
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Pillar of the Community
United States
6370 Posts |
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you have to write an essay coresponding with that unit So is this unit about numismatics? Just asking because it seems like you are about to write an off-topic essay that will get a failing grade. |
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Pillar of the Community
United States
6370 Posts |
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I'm now going with the Coinage act of 1873 and seeing whether it caused the Panic of 1873. So, from your research, did the coinage act cause the Panic, or did the Panic cause the Coinage Act? I thought it yould be the latter. |
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Moderator
 United States
23522 Posts |
The Coinage Act of 1873 played a role in the Panic, but Germany played an equal role in that sense by ceasing the production of silver Thalers and the Panic began in Europe, not the US. I don't think the topic lends to a "persuasive" essay, as there is no point in contention.
There is a strong persuasive argument for eliminating cash altogether. Might make a good essay.
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Bedrock of the Community
United States
20753 Posts |
As to writing anything about coins, just remember to not mention you are a coin collector. Make your essay sort of a general topic based on today's interests. The reason I say this is it is not smart to advertise you may have bulk coins in your house or place of residence. A really good topic as already noted is what good is a penny? And too, if you do that one, you may want to mention how we here in the USA constantly say PENNY, when it really is called a CENT. And too bring up all the songs written using PENNY, not CENTS. Lots of STUFF could be written about PENNIES.
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Moderator
United States
188213 Posts |
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There is a strong persuasive argument for eliminating cash altogether. Might make a good essay. That would be good.  |
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Valued Member
United States
381 Posts |
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So is this unit about numismatics? Just asking because it seems like you are about to write an off-topic essay that will get a failing grade. Oh, sorry if I confused you. I ment that we're do a persuasive essay unit, so we have to write a persuasive essay. Also, my teacher said anything is fair game as long as it is appropriate. |
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Valued Member
United States
73 Posts |
how about why we should go back to the gold standard?
unless you believe deflation is worse than printing debt.
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Moderator
United States
188213 Posts |
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how about why we should go back to the gold standard? How about one explaining why there is not enough gold in the world to represent a fraction of our US economy, let alone the world economy.  Sorry, but the gold standard will never happen again.  Quote:
unless you believe deflation is worse than printing debt. Neither is good, but the deflation on that scale is certainly worse. |
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Valued Member
United States
73 Posts |
part of deflation would be the gold becoming more valuable over time as in worth more assets. when countries were on the gold standard the fiat currency was backed by its value in gold, regardless of what the golds value was. if there has been an estimated 4.5bil gold ounces mined and 50billion ounces of silver and no telling how much copper; the worlds population is 7 billion why is this not enough metals for exchange? the average citizen of a first world country cant afford an ounce of gold now so its not like there wouldnt be enough for the world to use. but yes to answer your statement at current value all the gold and silver in the world doesn't equal but a quarter of the US's gdp. at the current value of gold and silver. which is low because its not being used as currency. i understand why we were taken off the standard but do you really believe debt system is better? theres a reason all countries have gold holdings http://en.wikipedia.org/wiki/Gold_reserve . going by usa's holding at the current ~40$ a gram rate, it would take gold being worth ~2000$ a gram for the us holdings to be equal to the GDP value. so other than making a few people stupid rich what would be the downside to gold being used again? |
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Moderator
United States
188213 Posts |
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so other than making a few people stupid rich what would be the downside to gold being used again? You answered your own query. We have enough stupid rich people now. Just how are we going to convince the entire world that gold needs to be $62,475 an ounce just to cover the US national debt?  |
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Valued Member
United States
73 Posts |
i hear in germany they used to push wheelbarrows full of cash down to buy a loaf of bread. dont think america or any other's countries economy is to big to fall. especially when its not very clear of whats propping it up to begin with. im not an economist and dont claim to understand it all, but who can argue that history repeats itself? just watch http://www.usdebtclock.org/ for 2 minutes and tell yourself our current systems all right Edited by ben89
02/24/2015 12:16 pm
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Moderator
United States
188213 Posts |
I never said the current system is perfect, or even good. My point is, and this is a fact, having our currency backed with gold is physically impossible. What you are suggesting is that we replace a flat tire with a banana. |
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Replies: 16 / Views: 2,955 |
Posted 02/18/2015 07:16 am
