Old money...?
can anyone update me approximately how much 10 cents be worth surrounded by the postponed 1930s?
Answers:
10 cents surrounded by the 1930's be worth 10 cents.
If you would resembling to know the effectiveness of a 1930's dime within today's dollars, it is give or take a few $1.21
Well, we walk to this political affairs website:
http://minneapolisfed.org/research/data/...
We see the consumer price index for 1939 is 41.6. The current index for 2007 is 615.2.
$.10 X 615.2/41.6 = $1.48
it be worth for a while more than a dollar here is no EXACT amount it's an approximation. An interesting side make a note of to this! Rockefeller be the first BILLIONAIRE and contained by PURE dollars wouldn't be worth as much as Bill Gates or Warren Buffet.. HOWEVER taking into article inflation ROCKEFELLER be well the richest of adjectives time it would be something similar to 200 BILLION dollars OVER 3 times the amount Gates have :)...So the subsequent time someone tell you gate is Rich it's true however he still isn't compared to what Rockefeller be surrounded by todays money would hold a quarter of a TRILLION dollars almost
Another agency to look at it is to ask what be the purchasing power of that 10 cents in the overdue 1930's. For example (according to the source below), you could buy two rime cream cones for a dime within 1938. This would probably cost over $2.00 today (unless you budge to Ben & Jerry's, surrounded by which grip it would cost give or take a few $5.00). You could also buy a child's entrance to the movies, which costs just about $5.00 (or more) today.
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Answers:
10 cents surrounded by the 1930's be worth 10 cents.
If you would resembling to know the effectiveness of a 1930's dime within today's dollars, it is give or take a few $1.21
Well, we walk to this political affairs website:
http://minneapolisfed.org/research/data/...
We see the consumer price index for 1939 is 41.6. The current index for 2007 is 615.2.
$.10 X 615.2/41.6 = $1.48
it be worth for a while more than a dollar here is no EXACT amount it's an approximation. An interesting side make a note of to this! Rockefeller be the first BILLIONAIRE and contained by PURE dollars wouldn't be worth as much as Bill Gates or Warren Buffet.. HOWEVER taking into article inflation ROCKEFELLER be well the richest of adjectives time it would be something similar to 200 BILLION dollars OVER 3 times the amount Gates have :)...So the subsequent time someone tell you gate is Rich it's true however he still isn't compared to what Rockefeller be surrounded by todays money would hold a quarter of a TRILLION dollars almost
Another agency to look at it is to ask what be the purchasing power of that 10 cents in the overdue 1930's. For example (according to the source below), you could buy two rime cream cones for a dime within 1938. This would probably cost over $2.00 today (unless you budge to Ben & Jerry's, surrounded by which grip it would cost give or take a few $5.00). You could also buy a child's entrance to the movies, which costs just about $5.00 (or more) today.