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Penny press newspapers were cheap, tabloid-style newspapers mass-produced in the United States from the 1830s onwards. Mass production of inexpensive newspapers became possible following the shift from hand-crafted to steam-powered printing. [ 1 ]
An elongated coin (also known as a pressed penny or smashed penny) is a coin that has been flattened or stretched, and embossed with a new design. Such coins are often used as commemorative or souvenir tokens, and it is common to find coin elongation machines in tourism hubs, such as museums, amusement parks, and natural or man-made landmarks .
This innovation made newspapers cheaper and thus available to a larger part of the population. In 1830, the first penny press newspaper came to the market: Lynde M. Walter's Boston Transcript. [23] Penny press papers cost about one-sixth the price of other newspapers and appealed to a wider audience. [24]
The American press grew rapidly during the First Party System (1790s–1810s) when both parties sponsored papers to reach their loyal partisans. From the 1830s onward, the Penny press began to play a major role in American journalism. Technological advancements such as the telegraph and faster printing presses in the 1840s also helped to expand ...
Horatio Davis Sheppard (c. 1809 – February 24, 1879) (sometimes spelled Horatio Shepard) was an American physician who in 1833 founded the first penny press newspaper in the United States, the New York Morning Post.
For the 19th consecutive year, a penny cost more to produce than it’s worth. There have been other times pennies have cost more than 1¢, but this is its longest losing streak. They now cost 3 ...
For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. [1]
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