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Purchasing power of $2,000 in 1934 ≈ $44,000 in 2022 Too bad the person didn't bury gold instead. Oh well.
by MerelyMortal 4y ago
Purchasing power of $2,000 in 1934 ≈ $44,000 in 2022
Too bad the person didn't bury gold instead. Oh well.
- usrn 4y agoWasn't that redeemable for metals in 1934?
- ohiovr 4y agoNot after 1933, FDR mandated gold be sold to the government for $20.67 per oz and it was immediately revalued in the vault for $35 per oz. https://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard https://www.history.com/this-day-in-history/fdr-takes-united...