2007-01-06 23:51:21 · 4 answers · asked by Anonymous in Arts & Humanities ➔ History
£5,856.46 using the retail price index (up to 2005, last year to which a calculation can be done)
2007-01-06 23:56:37 · answer #1 · answered by rdenig_male 7 · 3⤊ 1⤋
Very interesting question. I checked on the Internet and found out that Sir Isaac Newton was not only a great scientist, but also Master of the Mint in 1717, and as such, he decided that the Guinea should be worth exactly 129.4 grains of gold. The article I found further states that Newton's decision meant that one ounce of gold was worth 4 pounds, 4 shillings, and 11 1/2 pence, and that would round out to about 4 pounds to an ounce of gold.
Right now, as I write, gold is selling on the world market for 326.45 pounds to an ounce. Since a pound in 1750 was worth a quarter ounce of gold, one pound would have been worth 81.6125 pounds today. Multiply that by 50, and you get a figure of 4080.625, which means 50 pounds in 1750 would be worth 4,080.625 pounds today. That's as close as I can get to 1752,
One thing I discovered in my search was that one ounce of gold was for centuries equivalent to one very good suit of men's clothing. That would mean 50 pounds in 1752 would be expected to buy 12-and-a-half very good men's suits. Today for fifty pounds, you could get a reasonably good dinner.
2007-01-07 00:33:34 · answer #2 · answered by Marion111 3 · 0⤊ 1⤋
Approx £400000.
2007-01-07 00:00:08 · answer #3 · answered by pageys 5 · 0⤊ 2⤋
i dont know. google it.
2007-01-06 23:58:34 · answer #4 · answered by Anonymous · 0⤊ 3⤋