The U.S. dollar has lost 97% its value since 1860 Updated: February 14, 2022 $100 in 1860 is equivalent in purchasing power to about $3,604.46 today, an increase of $3,504.46 over 163 years. Figure 3 Labor Income Value of Owning a Slave in 2020 Prices The U.S. CPI was 10.1 in the year 1862 and 299.17 in 2023: $1 in 1862 has the same "purchasing power" or "buying power" as $29.62 in 2023. Source: Small table at the bottom of the page shows the cost to mow an acre of grass, hoe an acre of turnips, and reap one acre of corn. Both men and women are employed as toy makers, but do not complete the same tasks. Source: Source: 1872 Report of Commissioners on Bureau of Labor Statistics to the [New Hampshire] Legislature, pages 48-51 focus on. Shows wages of laborers, yard hands, watchmen, teamsters, quarrymen, coal-heavers, helpers, unskilled factory operatives, without any geographic breakouts. Our calculations use the following inflation rate formula to calculate the change in value between 1856 and today: Then plug in historical CPI values. how much was 15000 yen worth in 1920 how much was 15000 yen worth in 1920 [volume] (Staunton, Va.) 1860-1896 Search America's historic newspaper pages from 1777-1963 or use the U.S. The inflation rate in 1859 was 1.22%. For comparison, in the UK 25.00 in 1860 would be equivalent to 3,889.12 in 2023, an absolute change of 3,864.12 and a cumulative change of 15,456.47%. Non-drug items include hair dye, pomades, soap, tooth powder and condoms. If you have a flag stamp from the 1940s, it could be worth up to several hundred dollars. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1860. Data collected in the winter of 1869-1870. Read more about inflation and investment. There is a. "75 Years of American Finance: A Graphic Presentation 1861-1935" Compare these values to the overall average of 2.22% per year: The graph below compares inflation in categories of goods over time. The dollar had an average inflation rate of 1.98% per year between 1863 and today, producing a cumulative price increase of 2,151.71%. See also a. $1 in 1815 is equivalent in purchasing power to about $19.43 today, an increase of $18.43 over 208 years. Shows prices from the 1850s-1870s in about 65 towns for flour, meats, fish, butter, beans, eggs, milk and other foods, pp. Catalog lists prices in British currency. Shows both men's and women's occupations. Shows the average retail price of flour, meat, cheese, sugar, coffee, tea, etc. Annual Rate, the Bureau of Labor Statistics CPI. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1860. By calculating the value in 1860 dollars, the chart below shows how $25 is worth less over 163 years. Source: Shows average annual prices (in cents) of cotton, cotton yarn, and cotton cloth. Not included are postage rates for ship and steamboat letters and "drop letters" (for local delivery), which were assigned different rates. 244-255. By calculating the value in 1860 dollars, the chart below shows how $100 is worth less over 163 years. 7 1. Compare these values to the overall average of 2.22% per year: The graph below compares inflation in categories of goods over time. If you'd li (, The chapter "Pioneer finance" in the book, This table spans pages 106-107 in the book and 1860s rent data falls on. Opium was being purchased by the federal government (Office of Surgeon General, War Department) at, These products induced miscarriage in pregnant women. Each railroad company reported passenger fare price in cents per mile. This effect explains how inflation erodes the value of a dollar over time. Women mightearn up to$13 -$15 per month after three years. That might tell us what the dollars were worth. You may use the following MLA citation for this page: $1 in 1862 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1862?amount=1. Sewing machines -- SEE under "Clothing" tab above, Sewing machines for home use - Prices, 1860s, Horses, mules and farm animals - Average prices, 1867-1920, "75 Years of American Finance: A Graphic Presentation 1861-1935", https://libraryguides.missouri.edu/pricesandwages, Unskilled occupations - Average daily wages, 1840-1891, Wages for four common occupations in 1860, by state, number of people in each state/territory working in each occupation, Government salaries, federal and state ca. For comparison, in the UK 1.00 in 1856 would be equivalent to 137.79 in 2023, an absolute change of 136.79 and a cumulative change of 13,678.59%. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. How to calculate inflation rate for $13 since 1860 Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: CPI today CPI in 1860 1860 USD value = Today's value Then plug in historical CPI values. Ian Webster is an engineer and data expert based in San Mateo, California. $13 in 1863 is worth $283.02 today $13 in 1863 is equivalent in purchasing power to about $283.02 today, an increase of $270.02 over 158 years. By calculating the value in 1860 dollars, the chart below shows how $1 is worth less over 163 years. Source: 12th Annual Report of the State Superintendent of Public Instruction, pp. Source: Many tables in this extensive section include a column showing average wages for various occupations in Great Britain or England, usually for the years 1866, 1867 or 1868. by SEX Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. $15,000,000 in 1800 is equivalent in purchasing power to about $326,559,523.81 today, an increase of $311,559,523.81 over 221 years. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. in2013dollars.com is a reference website maintained by the Official Data Foundation. The inflation rate in 1860 was 0.00%. Source: USPS. Breaking down these categories helps explain the main drivers behind price changes. Shows prices for food (pilot bread, coffee, rice, sugar, sardines, etc.) - Government assistance for cost, 1860s, Hospital rates - South Carolina, 1856-1861(? Retail prices for remedies, ointments, lozenges, pills, tonics, healing herbs and more in the. Read more about inflation and investment. Value of $1 from 1815 to 2023. The current inflation rate page gives more detail on the latest inflation rates. Source: Congressional report. Henry Ford, Great Britain, and Andrew Carnegie had an ample supply of coal, allowing them to be the first to start the industrial revolution. Ian earned his degree in Computer Science from Dartmouth College. "Burials are serious matters to the poorer classes of the people. Source: U.S. Department of Agriculture. in Alabama. States covered: VA, NC, SC, GA, FL, AL, MS, LA, TX, AR, TN. Shows retail prices of bread throughout the UK as well as other foodstuffs in London from the colonial period up to the 1880s. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. Source: Lists the value in British pounds for Spanish dollars, doubloons, American eagles, half-eagles and quarter eagles, gold and silver francs, as well as some South American money. CPI is the weighted combination of many categories of spending that are tracked by the government. The dollar had an average inflation rate of 1.44% per year between 1815 and today, producing a cumulative price increase of 1,842.66%. The current inflation rate page gives more detail on the latest inflation rates. 1867, Great Britain - Weekly farm wages, 1850-1899, Australia - Melbourne wages in 1863 and 1868, Belgium - Wages by occupation in Bavaria, 1866, England, Scotland and Ireland - Wages and earnings, ca. The current inflation rate compared to last year is now 6.41%. The inflation rate in 1860 was 0.00%. Shows average yearly salaries (besides room and board) for servants, the value of tenement laborers entire pay (including wages and provisions), summer and winter wages per day, and the wages earned in 300 days in Sweden for the years 1866-1900. This table spans pages 104-105 in the book and 1860s rent data falls on, Real estate catalog briefly describes land for sale, with asking prices. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1860. The dollar had an average inflation rate of 2.16% per year between 1856 and today, producing a cumulative price increase of 3,419.65%. The Relative Worth of $ 1000 in 1860 . Chart shows postal rates for mailing a domestic letter. Find the price of various qualities of land in the description under each county. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. What would $40000 be worth today? Ian Webster is an engineer and data expert based in San Mateo, California. What is a dollar in 1967 worth today? $1 in 1859 is equivalent in purchasing power to about $1 in 1860. CPI is the weighted combination of many categories of spending that are tracked by the government. How much was $12 1865? As Figure 3 shows during the antebellum period, the value in in today's dollars. This chart shows a calculation of buying power equivalence for $100 in 1860 (price index tracking began in 1635). HOUSING and LAND How much was $50 1860? This Texas dwelling was built in 1867 nearPilot Point. Source: Congressional report, Shows the average monthly salaries of teachers by county in California as well as various metrics on each county's school. This table and charts use the earliest available data for each category. Richmond daily Whig. Retail price of men's heavy boots in U.S. Census publication dated 1886, pp. These dwellings would generally be occupied by working class families in the manufacturing industry. Wages depend on type of work, but the women work ten hours a day year-round. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. The Connecticut section extends from pp. Data collected in the winter of 1869-1870. The dollar had an average inflation rate of 2.16% per year between 1856 and today, producing a cumulative price increase of 3,419.65%. Shows the wages paid to white women with the important distinction that this same labor is done by enslaved women without pay. Similarly How much was 1 million dollars worth in the 1800s? Shows the average weekly cash wages of ordinary labor on 33 farms throughout England and Wales (. This table spans pages 104-105 in the book and 1860s rent data falls on. is replete with earnings estimates. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. It listed prices for bacon, beans, potatoes, coffee, whiskey, molasses, salt and other food items; soap, candles, cloth by the yard, leather, army shoes, wool socks, tent cloths, railroad iron and mules. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. To get the total inflation rate for the 167 years between 1856 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Bureau of Statistics of Labor, 28th Annual Report, p. 22. Fuel (for heat) was never included. The 1907 Indian Head penny is estimated at $3.30 in average condition. The current inflation rate compared to last year is now 6.41%. $1 in 1830 is equivalent in purchasing power to about $32.52 today, an increase of $31.52 over 193 years. The current inflation rate compared to last year is now 6.41%. Ian earned his degree in Computer Science from Dartmouth College. Shows the price of horses, cows, sheep, and other livestock in McLean county, Illinois through the 19th century. (. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. How much was $10 dollars worth in 1860? Purchasing power is represented in its equivalence in horses, wheat, the yearly wages of a skilled tradesperson, and others. Source: Shows the prices of various English coals in New York markets per ton in October 1861 and 1864. Normally priced$100 to $165, on sale for discounted prices (, St. Louis to Springfield MO -- 70 for the first 10 words, and 7 for each additional word, St. Louis to St. Joseph MO -- "Over $1 for a message". See tabs above for additional price categories. Use the form on this page to perform your own inflation calculation for any year. Washing was seldom included. (, Asking prices are sometimes included with descriptions of homes for sale in the classified ad sections of the, Woodward's home plan book includes images of home designs, along with, Catalog briefly describes properties for sale, with asking price. You may use the following MLA citation for this page: $13 in 1860 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 4 Mar. To get the total inflation rate for the 223 years between 1800 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Nearby homes similar to 3503 Sanddollar Ct have recently sold between $288K to $590K at an average of $270 per square foot. Tuition was abolishedduring these years;students paid a $5 matriculation fee. The U.S. CPI was 8.3 in the year 1860 and 299.17 in 2023: $100 in 1860 has the same "purchasing power" or "buying power" as $3,604.46 in 2023. For comparison, in the UK 1.00 in 1800 would be equivalent to 107.17 in 2023, an absolute change of 106.17 and a cumulative change of 10,616.68%. This table and charts use the earliest available data for each category. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. Source: Catalog briefly describes farm land, timber land and some plantations for sale in Tennessee, along with asking prices. Source: Extensive, 437-page government report indicates detailed wages by occupation in many locations throughout the UK. The price of gold increased by $1,104 in comparison to the previous day's price. $13 in 1860 is equivalent in purchasing power to about $468.58 today, an increase of $455.58 over 163 years. You may use the following MLA citation for this page: $25 in 1860 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 2 Mar. To get the total inflation rate for the 161 years between 1862 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Admission prices for the theater and opera in St. Louis ranged from 25 to 75 cents. Source: Mass. This calculator can be used to determine the historical purchasing power of currency in the United Kingdom from 1270 to 2017. Reports wages paid to individual, unnamed male and female employees in a variety of jobs at selected establishments in the northeast U.S. Phone (573) 882-0748. Source: Mass. The 1862 exchange rates (. How much was a million dollars worth in 1860? Here is a value chart showcasing the coin's worth under different conditions; Overview of 1907 Indian Head Penny More . Today in Naval History - Naval / Maritime Events in History 19 September 1785 - Launch of French Fougueux, 74 gun Tmraire class Ship of the Line at Lorient Fougueux was a Tmraire class 74-gun French ship of the line built at Lorient from 1784 to 1785 by engineer Segondat. The following links to wholesale prices may be helpful to some researchers. in2013dollars.com is a reference website maintained by the Official Data Foundation. This publication show the salary paid to a reverend who served in Candia, NH from 1859-1864. In other words, a dollar will pay for fewer items at the store. No, that's not the way. travelers supplement request how to log out of chewy account; accepted for value birth certificate meth cut with iso; dd15 oil suction manifold fivem qbcore scripts; chevy ii front suspension This chart shows a calculation of buying power equivalence for $1 in 1862 (price index tracking began in 1635). Read more about inflation and investment. This source does not provide salary averages. Ian earned his degree in Computer Science from Dartmouth College. Advertisement in Cedar Falls Gazette newspaper. Source: 30-page booklet reviews overall wage trends from 1800-1899. Land was generally $5-15 per acre. Counties are listed alphabetically; scroll forward to see them all. Annual Rate, the Bureau of Labor Statistics CPI. This 1890 U.S. Census publication includes a, Includes flour, meats, dairy products, beans, etc. Land prices and farm rent in Missouri, 1869-1870, Prairie land in Barton County, MO - Price, 1866, Land prices and farm rent in Minnesota, 1869-1870, Minnesota farm value by county, 1850-1982, Land prices and farm rent in Montana Territory, 1869-1870, Land prices and farm rent in Mississippi, 1869-1870, Cotton plantations for sale in Mississippi, 1866, Mississippi farm value by county, 1850-1982, Land prices and farm rent in North Carolina, 1869-1870, North Carolina farm value by county, 1850-1982, Real estate catalog listings in North Carolina, 1866, Tenement rent - North Carolina, 1867-1874, Land prices and farm rent in Nebraska, 1869-1870, Real estate prices and financing in Nebraska, 1850s-1870s, New Hampshire farm value by county, 1850-1982, New Jersey farm value by county, 1850-1982, Land prices in New Mexico Territory, 1869-1870, New Mexico farm value by county, 1850-1982, House designs with estimated cost to build, ca. Value of $1 from 1862 to 2023 $1 in 1862 is equivalent in purchasing power to about $29.62 today, an increase of $28.62 over 161 years. Annual Rate, the Bureau of Labor Statistics CPI. (, Real estate catalog briefly describes timber land for sale, with asking prices. Vraag een gratis zoekopdracht aan voor dit collector's item.. Kwaliteit ZF. Copied from the New York Daily Times newspaper. Breaking down these categories helps explain the main drivers behind price changes. Cumulative price change; Average inflation rate: 1.82%: Converted amount ($12 base) $201.40: Price difference ($12 base) $189.40: CPI in 1865: . published 1867,pp. This table spans pages 104-105 in the book and 1860s rent data falls on, Real estate catalog lists prairie land in Kansas for $2.50 an acre. By calculating the value in 1800 dollars, the chart below shows how $1 is worth less over 223 years. All wage data is cited back to the original government source through report numbers;see the key to report numbers here. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. More . Using the 2 Stage Free Cash Flow to Equity, Macmahon Holdings fair value estimate is AU$0.26 Macmahon Holdings is estimated to be 37% undervalued based on current share price of AU$0.16 Analyst . Retail stores could purchase in quantity at a 30% discount off published suggested retail prices. University of Missouri, Columbia Shows monthly rental rates for 4-room and 6-room tenements. This table spans pages 104-107 in the book and 1860s rent data falls on pages 105 and 107. 1867, California teacher wages - statewide averages, 1861, California teacher salaries by county, 1862, California teacher wages - statewide averages, 1862-1863, California teacher wages - statewide averages, 1866 and 1867, Minnesota school teacher wages by county and sex, 1862, Missouri teacher salaries by county and sex, 1860 and 1868, Servants, female - Wages in western territories,1869, Wages by occupation and sex, 1840-1891 (not averaged), Wages by occupation - San Francisco, 1869, County officer and judicial salaries - California, 1867, Railroad car and ship building wages (not averaged) - Delaware, 1864-1891, School teacher pay by sex - Illinois, 1855-1874, Massachusetts - Wages by occupation, 1860-1897, Massachusetts wages in manufacturing industries, 1860, Wages by occupation and sex - Massachusetts, 1840-1891 (not averaged), The Woolbox: Monthly Bulletin of the Missouri State Board of Agriculture, Logging industry wages in Minnesota, 1868 season, Building trade wages in New York City suburbs, 1869, Wages by occupation and sex - New York, 1840-1891 (not averaged), Fire department wages in Cleveland Ohio, 1864-1865, Wages by occupation in Oregon and Washington, 1862, Great Britain or England - Wages by occupation, late 1860s, Great Britain - Wages compared to Massachusetts, 1860-1883, Working class wages in England, Scotland and Ireland, ca. The item(s) shown in the photos is exactly what is included. $1 in 1860 is equivalent in purchasing power to about $36.04 today, an increase of $35.04 over 163 years. Discussed in. List of medical colleges with tuition, organized by state. This table and charts use the earliest available data for each category. Lists all individuals employed by the Steam Fire Department along with job titles and monthly salaries for each man. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1860. in2013dollars.com is a reference website maintained by the Official Data Foundation. The U.S. CPI was 8.3 in the year 1860 and 299.17 in 2023: $25 in 1860 has the same "purchasing power" or "buying power" as $901.11 in 2023. A dollar today only buys 2.841% of what it could buy back then. Source: Shows the lowest and highest prices of 25 foods and provisions in NYC over 56 years between 1825-1882. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. This effect explains how inflation erodes the value of a dollar over time. Source: Fare from Sacramento to St. Joseph MO was $155. Please cite as follows: Eric W. Nye, Pounds Sterling to Dollars: Historical Conversion of Currency, accessed , https://www.uwyo.edu/numimage/currency.htm. SOLD FEB 17, 2023. spent on a purchase is $ 3,711.79 or $ N/A today. Source: 1872 Report of Commissioners on Bureau of Labor Statistics to the [New Hampshire] Legislature, pp. This 1890 U.S. Census publication includes a. Source:Federal Reserve Bank of Saint Louis. Average passenger fares in cents per mile. Breaking down these categories helps explain the main drivers behind price changes. Belleisle 15. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. The U.S. dollar has lost 97% its value since 1830. Ticket prices by rail from NY to Chicago or St. Louis. This effect explains how inflation erodes the value of a dollar over time. Homestead Act at low prices ($1.25 or $2.50 per acre). For example, if you started with $300, you would need to end with $10,813.37 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). Compare these values to the overall average of 0.00% per year: For all these visualizations, it's important to note that not all categories may have been tracked since 1859. Lists average weekly wages by state for factory, mechanical and farm labor. 248-250. Prices have increased by an average of 10% per year since 1850, resulting in a cumulative increase of 3,407 times. A $2,000,000 dollar investment in 1800 equals $43,423,333 dollars. $1 in 1920 is equivalent in purchasing power to about $14.84 today, an increase of $13.84 over 102 years. $287,500 Last Sold Price. Source: Source: Transactions of the California Agricultural Society, p. 269. How much was 40000 dollars worth in 1860? For Sale: 2 beds, 1 bath 935 sq. Breaking down these categories helps explain the main drivers behind price changes. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. (, Prices for improved and unimproved land. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. For comparison, in the UK 1.00 in 1860 would be equivalent to 155.56 in 2023, an absolute change of 154.56 and a cumulative change of 15,456.47%. Value of $1 from 1860 to 2023 $1 in 1860 is equivalent in purchasing power to about $36.04 today, an increase of $35.04 over 163 years. received as a compensation is $ 25,494.75 today. (Click image for detail). When $1 is equivalent to $35.20 over time, that means that the "real value" of a single U.S. dollar decreases over time. Source: Journal of the Royal Statistical Society, vol. This is the real-time data fetched from our partnered price aggregators. Shows weekly expenses for families of 5 or 6 individuals in Belgium in 1853. Breaking down these categories helps explain the main drivers behind price changes. Tables extend from page 14-28 in this source. For example, if you started with $25, you would need to end with $901.11 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). The dollar had an average inflation rate of 0.00% per year between 1859 and 1860, producing a cumulative price increase of 0.00%. Compare these numbers to the US's overall absolute change of $455.58 and total percent change of 3,504.46%. The inflation rate in 1860 was 0.00%. $25 in 1860 is equivalent in purchasing power to about $901.11 today, an increase of $876.11 over 163 years. $100 in 1860 is equivalent in purchasing power to about $3,604.46 today, an increase of $3,504.46 over 163 years. The economy of Scotland is an open mixed economy which, in 2020, had an estimated nominal gross domestic product (GDP) of $205 billion including oil and gas extraction in Scottish waters. It also lists stores, lots and, Document is arranged by counties in short sections. 175-179. (. In other words, a dollar will pay for fewer items at the store. Click the tabs above for direct links to occupations. The dollar had an average inflation rate of 2.20% per year between 1860 and today, producing a cumulative price increase of 3,232.40%. The U.S. CPI was 8.3 in the year 1860 and 297.711 in 2022: 297.711 8.3 $13 = In 1860 land sold for $1-3 per acre. The 1860 Census showed average wages for farm hands, day laborers, carpenters and female domestic workers. Stage coach ticket prices from Kansas to Denver, Salt Lake City, Idaho, Montana or California. How much was $40000 worth in 1869? Flag stamps issued between the 1940s and the present day are worth between 25 cents and 50 cents each. This chart shows the average rate of inflation for select CPI categories between 1862 and 2023. By calculating the value in 1860 dollars, the chart below shows how $300 is worth less over 163 years. Annual Rate, the Bureau of Labor Statistics CPI. How much was $13 dollars worth in 1863? Special thanks to QuickChart for their chart image API, which is used for chart downloads. how much is a 1 dollar from 1781 worth What was the worth of 1000 dollars in 1860 in todays money? At the moment, you are looking at the conversion of 100 CAD when 1 CAD is valued at 10.51 NFTS. According to the diary of Elisha Hunt Rhodes, as a Union Corporal in late 1861 he received $13 per month wages, plus 30 cents per day for rations and 35 cents per day for "extra services" (whatever those are). Source: International Railway Congress, Shows fares for different classes of travel to. More . He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. When $1 is equivalent to $23.74 over time, that means that the "real value" of a single U.S. dollar decreases over time. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. Compare these numbers to the US's overall absolute change of $22.74 and total percent change of 2,274.37%. This chart shows a calculation of buying power equivalence for $13 in 1860 (price index tracking began in 1635). The list was to be in effect only for the months of December 1863 and January 1864. Figures for 1867 are estimated by adding 20% to the 1853 data. The U.S. CPI was 8.5 in the year 1856 and 299.17 in 2023: $1 in 1856 has the same "purchasing power" or "buying power" as $35.20 in 2023. Source: 15thAnnual Report of the U.S. Commissioner of Labor: A Compilation of wages in commercial countries from official sources,volume 1andvolume 2(published 1900). This article in a U.S. Dept of Agriculture report. Shows monetary pay for outdoor labor on farms, and details the rations and clothing that were distributed along with monetary pay in 1860.
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