Date of Award
Spring 5-7-2022
Document Type
Honors Project
Degree Name
Bachelor of Arts
Department
Political Science and International Affairs
Department Chair or Program Director
Cooperman, Rosalyn
First Advisor
Surupa Gupta
Second Advisor
Rosalyn Cooperman
Major or Concentration
Political Science
Abstract
Since the 1980s, the debate about the one-cent piece’s production and use has been discussed throughout relatively recent Congressional history; and has involved economic, financial, industry-based, as well as numismatic groups to weigh in on the topic. The question arises: Why have other countries successfully changed their lower-denomination currency and converted their economic system into one that incorporates cash-rounding while the United States has struggled to do so?
By observing international examples of the obsoletion of low-denomination coinage and the implementation of cash-rounding, the proposed economic and financial reform has proved to work as an economically-sound alternative to the current system. Due to industry-based lobbying efforts and growing partisanship within Congress, legislative productivity has decreased across most proposed legislation. The debate about the one-cent piece is one topic that has become stagnant within Congressional committees.
Recommended Citation
Cather, William, "Reforming the United States’ Currency Production" (2022). Student Research Submissions. 499.
https://scholar.umw.edu/student_research/499
Rights
Included in
American Politics Commons, Comparative Politics Commons, Economic History Commons, Finance Commons, Political Economy Commons, Public Economics Commons