How much things cost in 1933 vs this particular day if we still had a silver- backed dollar ($21.60 price conversation).Average expense of new house $5,750.00 this particular day $124,200Average wages per year $1,550.00 this day $33,480Cost that a gallon the Gas 10 cents now $2.16Average expense for residence rent $18.00 per month now $388.80A bread of Bread 7 cents now $1.51A LB that Hamburger Meat 11 cents this particular day $2.37Plymouth 6 car $445.00 this day $9,612 Campbells vegetables Soup 10 cents now $2.16Average Laborers wage $20.00 per week now $432.00Of course this doesn"t take into account an innovation reducing prices end the years, which would certainly make this compare even an ext stark.If we were quiet backing the dollar with silver, walk anyone doubt that us would have actually a greater standard of life in this country today?
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originally Posted by Jim040558
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How lot things cost in 1933 vs today if we still had actually a silver backed disagreement ($21.60 price conversation)....If we were tho backing the dollar through silver, does anyone doubt that we would have actually a higher standard of living in this nation today?
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Historically, you should go ago to 1873, not 1933. It"s 1873 once silver end to it is in money.Anything after that price-wise is silver together "something to prop up the silver industry" or silver as coinage...not money. Officially.

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What carry out you average BACKING? The dollar was silver!The file was simply a "good for" certificate that you could exchange for physical dollars, that are the very same silver this particular day as they were in 1933.The OP"s "$21.60 price conversation" is for converting commonwealth Reserve Notes right into dollars, not dollars right into dollars.
That is because that an unskilled laborer. What would one get paid to occupational at McDonald"s? average salary is higher. However even the typical salary would certainly buy more, due to the fact that prices would certainly not be together inflated together they room today, which to be the whole suggest of my exercise.
That is for an unskilled laborer. What would one obtain paid to occupational at McDonald"s? median salary is higher. However even the mean salary would certainly buy more, because prices would not be as inflated together they space today, which was the whole suggest of mine exercise.
Sorry, ns missed the different line on salary. Today, the median salary in the U.S. Is about $45K, about 1.36x the amount the "should" be -- therefore if you multiply all the items by 1.36, you"ll check out what the quantity really should be today, based on the boost in salary. If that makes sense. E.g. Because that a gallon the gas at 2.16, multiply by 1.36 to gain $2.93 that we need to be payment (based on inflation and adjust in salary). That"s no hugely off the mark. In fact, in the 1990s us were paying as small as $1/gallon, i beg your pardon is quite a bit much less than us would have actually been paying back in 1933.
The expense of theater admission was 0.10 and 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 price of theater admission was 0.10 and also that is 10 movies for a dollar.Today that would be silver- Dollar worth $100.http://www.todaysteacher.com/TheGrea...2PriceList.htmLook at the coffee prices.
Today the FRN worth of a silver- dollar will gain you 2 admissions and also a small box of popcorn. Silver- is quiet cheap, genuine cheap.
Today the FRN value of a silver- dollar will obtain you two admissions and also a little box of popcorn. Silver- is tho cheap, real cheap.

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Don"t even joke around that since I just went. I observed Karate boy for $10 + an additional $10 because that popcorn and a coke. I recognize what the prices are today. Silver- Dollar in the good Recession that 1933 to be worth way more. And also the Movies to be way better with Humphrey Bogart.
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