3 ms·

Converting historical currency to modern values becomes increasingly meaningless the longer the time span, and 1795 is a sufficiently different world to today w

by mxwsn 8y ago

Converting historical currency to modern values becomes increasingly meaningless the longer the time span, and 1795 is a sufficiently different world to today with a different basket of goods that I don't think that's a valuable comparison.

maxxxxx 8y ago
By the same formula 100k in todays' money would be $600. Is that realistic?
- xchaotic 8y ago
  That formula is for old British Pounds which are not even decimal. If go back earlier than that, there's records of whole villages being bought for a pound or two.