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