you mean your 33cents :-)
Posted by Sherry on February 13, 1998 at 14:22:57:
In response to Income, prices and calculations (longish)., written by Tilde on February 13, 1998 at 07:31:40
Just my two cents worth:
Yes, I understand perfectly, perfectly what you are saying. I cannot but think that there must have been a conversion factor back then as there is now. A person getting off the boat in Phila. in1800 with 100 pounds in his/her purse should have been able with an exchange rate (variable as now) know how much money in US dollars they had to spend. This idea that it is not possible to calculate is what I take exception to. If we know that 4s.6d=$1US in 1800 then we can determine that accordingly 1pound was worth $4.44 Also we can determine that your two cents in 1800 was worth 3.7 american cents in 1800.
Now what we can buy with that 3.7 cents is of course alot more in 1800 than what we could buy for it's 1996 equivalent which is 33 US cents.
This I understand completely which is why I put in the comparison of a good meal costing 4 to 6 pennies in 1800.
This all simply gives me,as an american, a better understanding of the amount of money they had and what its spending power was. I0,000 pounds in 1800 meant virtually nothing to me but $444,000 per year when a good meal was 6 cents does.
It is just my stubborn side coming out, I hate to be told something is impossible to figure. This works for me-----and just because I made it up, doesn't mean it isn't true! ;-p lol
- Funds Ann 23:38:15 2/13/98 (3)
- another example... P. Bingham 23:49:29 2/16/98 (2)
- Yes,Yes Yes(sounds like organic shampoo commercial) Sherry 12:53:30 2/17/98 (1)
- By all means Caroline 19:49:42 2/20/98 (0)
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