2007-04-25 16:19:04 · 3 answers · asked by Hello 1 in Arts & Humanities ➔ History
1 1820 dollar is about $17 to $18 in modern dollars.
1 modern dollar was then about $ 0.06.
$17.75 in the year 2006 has the same "purchase power" as $1 in the year 1820.
$0.06 in the year 1820 has the same "purchase power" as $1 in the year 2006.
"Purchasing Power of Money in the United States from 1774 to 2006" : http://www.measuringworth.com/ppowerus/
In 1820 about $0.14 would buy you the same amount of goods as $1.00 in 1980.
"Value of the U.S. dollar" in "United States dollar" : http://en.wikipedia.org/wiki/United_States_dollar#Value_of_the_U.S._dollar
An 1837 gold dollar is worth about $17.07 today.
"Re: MtMan-List: Blankets and Money", Mountain Man History Discussions : http://www.xmission.com/~drudy/hist_text-arch3/0321.html
2007-04-25 16:39:41 · answer #1 · answered by Erik Van Thienen 7 · 1⤊ 0⤋
There is a formula on this web site that might help you figure it out.
2007-04-25 16:28:58 · answer #2 · answered by cats4me 3 · 1⤊ 0⤋
$1.00
2007-04-25 16:23:42 · answer #3 · answered by Sodo 2 · 0⤊ 2⤋