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originally Posted by Jim040558
How lot things price in 1933 vs this day if we still had actually a silver- backed disagreement ($21.60 price conversation)....If us were tho backing the dollar with silver, go anyone doubt that we would have actually a higher standard of living in this nation today?
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Historically, you must go earlier to 1873, no 1933. It"s 1873 as soon as silver ceased to be money.Anything after the price-wise is silver as "something come prop up the silver- industry" or silver as coinage...not money. Officially.
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What carry out you typical BACKING? The dollar to be silver!The paper was just a "good for" certificate the you could exchange because that physical dollars, that are the very same silver today as they to be in 1933.The OP"s "$21.60 price conversation" is because that converting federal Reserve Notes into dollars, no dollars into dollars.
That is because that an unskilled laborer. What would one obtain paid to occupational at McDonald"s? typical salary is higher. However even the median salary would certainly buy more, since prices would certainly not be together inflated as they are today, which to be the whole suggest of mine exercise.
That is because that an unskilled laborer. What would certainly one acquire paid to work at McDonald"s? mean salary is higher. But even the average salary would buy more, since prices would certainly not be as inflated as they space today, which to be the whole allude of my exercise.
Sorry, i missed the different line on salary. Today, the typical salary in the U.S. Is roughly $45K, around 1.36x the amount it "should" it is in -- therefore if girlfriend multiply all the item by 1.36, you"ll see what the quantity really must be today, based upon the rise in salary. If that renders sense. E.g. Because that a gallon the gas at 2.16, multiply by 1.36 to get $2.93 the we should be paying (based ~ above inflation and adjust in salary). That"s not hugely turn off the mark. In fact, in the 1990s us were payment as small as $1/gallon, i beg your pardon is rather a bit less than us would have actually been paying earlier in 1933.
The expense of theater join was 0.10 and also that is 10 movies for a dollar.Today that would certainly be silver Dollar worth $100.http://www.todaysteacher.com/TheGrea...2PriceList.htmLook in ~ the coffee prices.
The expense of theater admission was 0.10 and that is 10 movies because that a dollar.Today that would certainly be silver Dollar worth $100.http://www.todaysteacher.com/TheGrea...2PriceList.htmLook in ~ the coffee prices.
Today the FRN worth of a silver dollar will obtain you two admissions and also a little box the popcorn. Silver- is tho cheap, real cheap.
Today the FRN worth of a silver- dollar will get you two admissions and also a small box the popcorn. Silver is still cheap, real cheap.
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Don"t also joke about that due to the fact that I simply went. I saw Karate boy for $10 + another $10 because that popcorn and also a coke. I know what the prices space today. Silver Dollar in the good Recession that 1933 to be worth means more. And also the Movies to be way better with Humphrey Bogart.
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