For example, was that enough to comfortably support a family of four in a major American city for a year (what!? $50k now!?)Www@QuestionHome@Com
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Position:Home>History> What was the buying power of one thousand dollars (US) in 1860?Question: What was the buying power of one thousand dollars (US) in 1860!? For example, was that enough to comfortably support a family of four in a major American city for a year (what!? $50k now!?)Www@QuestionHome@Com
Best Answer - Chosen by Asker: $1000 (1860) = $25,000 (2007)!. $1000 (2007) = $40 (1860)!. Some 1861 food prices: http://www!.foodtimeline!.org/foodpioneer!.!.!.!. Here's another source on comparative value!. $25,724!.81 using the Consumer Price Index $20,052!.87 using the GDP deflator $163,500!.00 using the unskilled wage * $331,494!.70 using the nominal GDP per capita $3,177,745!.96 using the relative share of GDP I have to thank you!. I love it when a question results in my finding a great source, and the second source is one of those!. That's worth a star!.Www@QuestionHome@Com enough to buy several slaves!.Www@QuestionHome@Com |