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i have a final project that i have put of for the last 4 monts and is due by next year or somewhere around then. it is A HISTORICAL PRICE AND MONEY SUPPLY SURVEY, that is what it says one my assignment paper. like in 1915, a one pound loaf of bread cost $0.07, in 1915 a quart of milk cost $0.09 and ten pounds of potatoes cost $0.15. i need the price of a quart of milk, 10 pounds of potatoes, one pound loafs of bread, and some other stuff that the average citizen uses on a regular basis for the following years:
1965, 1970, 1075, 1980, 1985, 1990, 1995, 2000, 2005 and the current prices. i will add more now and type up the whole 4 paragraphs that is my assignment.

2006-12-19 07:14:54 · 3 answers · asked by billiardz_shark 1 in Education & Reference Homework Help

students can visit libraries to compare today's prices and money supply statistics with those experienced by earlier generations. they can study old magazines, newspapers, and catalogs to glean prices from prevous decades. referance books suck as the Statistical Abtract of the U.S. and Hhistorical Statics of the U.S. will also contain price information as well as money supplystatistics reaching back to the early 1800s. charts comparing yesterday with today can be dramatically revealing. the next part is about the price thing that i already told you about. the money supply in 1915 was $11 billion, in 1988 it was $785 billion. notice prices have not risen as fast as the money supply. the main reason is that advances in knowledge and technology have enabled producers to become more efficient and economical. in other words, a free-market economy gives a downward bias to prices and this downward bias tends to offset the effects of inflation.

2006-12-19 07:35:33 · update #1

ask the students to try to estmate what prices today would be if advances in knowledge and technology had not occured. also ask them to try to estmate what the prices would be if the money supply had not increased. accurate calculations are impossible but the process of estimation will teach the students how much their lives have been changed by inflation. one very quick and dramatic measure is to check the wage and price tables in the back of The Economist magazine. by using back issues and deducting consumer price increases from wages over several years, the students will see how "real" wages have been in a declining trend since the early 1970s.

2006-12-19 07:44:19 · update #2

3 answers

Ok- I happened to have a few things that might help you-

THE YEAR 1905 This will boggle your mind, I know it did mine!
The year is 1905. One hundred years ago. What a difference a century makes!
Here are some of the U.S. statistics for the Year 1905:
The average life expectancy in the U.S. was 47 years.
Only 14 percent of the homes in the U.S. had a bathtub.
Only 8 percent of the homes had a telephone. A three-minute call from Denver to New York City cost eleven dollars.
There were only 8,000 cars in the U.S., and only 144 miles of paved roads. The maximum speed limit in most cities was 10 mph.
Alabama, Mississippi, Iowa, and Tennessee were each more heavily populated than California. With a mere 1.4 million people, California was only the 21st most populous state in the Union.
The tallest structure in the world was the Eiffel Tower!
The average wage in the U.S. was 22 cents per hour. The average U.S. worker made between $200 and $400 per year.
A competent accountant could expect to earn $2000 per year, a dentist $2,500 per year, a veterinarian between $1,500 and $4,000 per year, and a mechanical engineer about $5,000 per year.
More than 95 percent of all births in the U.S. took place at home.
Ninety percent of all U.S. doctors had no college education. Instead, they attended so-called medical schools, many of which were condemned in the press and by the government as "substandard."
Sugar cost four cents a pound. Eggs were fourteen cents a dozen. Coffee was fifteen cents a pound.
Most women only washed their hair once a month, and used borax or egg yolks for shampoo.
Canada passed a law that prohibited poor people from entering into their country for any reason.
Five leading causes of death in the U.S. were:
1. Pneumonia and influenza
2. Tuberculosis
3. Diarrhea
4. Heart disease
5. Stroke
The American flag had 45 stars. Arizona, Oklahoma, New Mexico, Hawaii, and Alaska hadn't been admitted to the Union yet.
The population of Las Vegas, Nevada, was only 30!!!
Crossword puzzles, canned beer, and ice tea hadn't been invented yet.
There was no Mother's Day or Father's Day.
Two out of every 10 U.S. adults couldn't read or write.
Only 6 percent of all Americans had graduated from high school.
Marijuana, heroin, and morphine were all available over the counter at the local corner drugstores. Back then pharmacist said, "Heroin clears the complexion, gives buoyancy to the mind, regulates the stomach and bowels, and is, in fact, a perfect guardian of health." (Shocking!)
Eighteen percent of households in the U.S. had at least one full-time servant or domestic help.
There were about 230 reported murders in the entire U.S.
And I forwarded this from someone else without typing it myself, and sent it to you in a matter of seconds! Try to imagine what it may be like in another 100 years. It staggers the mind.

1952:
avg income- $3,850.00
Loaf of Bread- $.16
Gallon of Gas- $.20
Gallon of Milk- $.97
New Car- $1,754.00
New House- $9,075

1976
avg income- $16,095.00
Loaf of Bread- $.35
Gallon of Gas- $.59
Gallon of Milk- $1.65
New Car- $4,557.00
New House- $43,340.00

2006-12-19 07:28:49 · answer #1 · answered by motorcitygirlee 2 · 0 0

Started driving in Los Angele's 1965, price of gas fluctuated between 29 cents to 34 cents a gallon. Once in awhile a gas war would push it down to 19 cents. Cigarettes: 30 cents from a machine.
Hamburger: 22 cents, with cheese 24 cents.
Bottle of soda pop 16 to 18 oz: 16 cents
A new Volkswagen retailed at about 2000 dollars.
Family car (66' Oldsmobile Cutlass) cost 3300 dollars.
Coors six pack on sale: 1 dollar 28 cents (Think?)
Movie theater: 35 cents, matinee: 25 cents.
Phone call from public phone: 5 cents.
And, don't know about the cost of bread or sack of potatoes but, Mom could go into a grocery store once a week, spend 25 - 35 dollars and feed a family of four.

Good Luck!
Bubble gum with baseball cards 5 cents.

2006-12-19 07:36:04 · answer #2 · answered by ggraves1724 7 · 0 0

Call your local hallmark store if they carry the b'day cards with the info what cost what in different years (I bought two of them couple of years back) - they are very interesting and you may find that info inside such cards..

2006-12-19 07:54:11 · answer #3 · answered by b.s. 4 · 0 0

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