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initially Posted by Jim040558
How much things cost in 1933 vs this day if we still had a silver backed dollar ($21.60 price conversation)....If we were quiet backing the dollar through silver, go anyone doubt that we would have actually a higher standard of life in this nation today?
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Historically, you must go ago to 1873, not 1933. It"s 1873 when silver ceased to be money.Anything after the price-wise is silver as "something to prop up the silver industry" or silver as coinage...not money. Officially.
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What execute you median BACKING? The dollar to be silver!The document was simply a "good for" certificate the you can exchange for physical dollars, that space the exact same silver this day as they to be in 1933.The OP"s "$21.60 price conversation" is because that converting commonwealth Reserve Notes right into dollars, not dollars into dollars.
That is because that an unskilled laborer. What would one gain paid to work at McDonald"s? mean salary is higher. But even the typical salary would buy more, due to the fact that prices would certainly not be as inflated together they space today, which was the whole suggest of my exercise.
That is for an unskilled laborer. What would certainly one get paid to job-related at McDonald"s? typical salary is higher. Yet even the typical salary would buy more, due to the fact that prices would not be together inflated as they space today, which was the whole allude of my exercise.
Sorry, ns missed the different line on salary. Today, the average salary in the U.S. Is roughly $45K, about 1.36x the amount the "should" it is in -- for this reason if you multiply all the item by 1.36, you"ll watch what the amount really have to be today, based on the boost in salary. If that renders sense. E.g. Because that a gallon the gas in ~ 2.16, multiply by 1.36 to get $2.93 that we need to be paying (based on inflation and readjust in salary). That"s not hugely off the mark. In fact, in the 1990s us were paying as tiny as $1/gallon, i beg your pardon is rather a bit less than we would have been paying earlier in 1933.
The price of theater join 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 in ~ the coffee prices.
The cost 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 at the coffee prices.
Today the FRN worth of a silver dollar will gain you two admissions and a tiny box the popcorn. Silver- is tho cheap, real cheap.
Today the FRN worth of a silver dollar will get you two admissions and a tiny box that popcorn. Silver is quiet cheap, actual cheap.
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Don"t also joke about that due to the fact that I simply went. I experienced Karate kid for $10 + one more $10 for popcorn and also a coke. I understand what the prices room today. Silver- Dollar in the great Recession of 1933 to be worth means more. And also the Movies were way far better with Humphrey Bogart.
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