Special occasions such as a bride's hair could cost $5.00 or more. To get the total inflation rate for the 161 years between 1862 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Read more about inflation and investment. Also shows fares between towns in CA and OR. Altogether that adds up to an extra $20 a month. Shows prices for flour, rice, fruits, fish, pork, beef, butter, cheese, salt, sugar, molasses, whiskey, brandy, wine, gin, rum, coffee, tea, tobacco, candles, hides, furs, leather, nails, whalebone, wool and more. This Texas dwelling was built in 1867 nearPilot Point. . This table spans pages 104-105 in the book and 1860s rent data falls on. For comparison, in the UK 300.00 in 1860 would be equivalent to 46,669.40 in 2023, an absolute change of 46,369.40 and a cumulative change of 15,456.47%. $100 in 1860 is equivalent in purchasing power to about $3,604.46 today, an increase of $3,504.46 over 163 years. further westinthe Fall of1866. 1867, Scotland - Carpenter and joiner wages, 1869, Sweden - Farming wages for male and female workers, 1866-1900, Body makers for carriages and wagons (1839-1898), Farm laborers - Harvest hands (1725-1898), Pressmen, printing and publishing (1834-1900), Sawyers, lumber & lumber products (1810-1900), Calculator: Present-day purchasing power of a historic dollar amount, "How Much is that in Real Money? Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1860. Yearly consumption per inhabitant for wheat and rye can be found in. CPI is the weighted combination of many categories of spending that are tracked by the government. Compares wages in MA to that of Great Britain (abbreviated G.B. how much was 15000 yen worth in 1920 how much was 15000 yen worth in 1920 This table and charts use the earliest available data for each category. Prices by county for both improved and unimproved land. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. A $2,000,000 dollar investment in 1800 equals $43,423,333 dollars. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. 4-12. Lists prices of wheat, bread, wine, beef, pork, butter and rice. Government report shows prices of bread, oats, potatoes and beef at Dublin for each year from 1864-1869. Shows weekly expenses for families of 5 or 6 individuals in Belgium in 1853. The dollar had an average inflation rate of 1.98% per year between 1863 and today, producing a cumulative price increase of 2,151.71%. . The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. This table and charts use the earliest available data for each category. For comparison, in the UK 1.00 in 1800 would be equivalent to 107.17 in 2023, an absolute change of 106.17 and a cumulative change of 10,616.68%. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. 100,000 in 1860 is equivalent in purchasing power to about 15,556,468.00 today, an increase of 15,456,468.00 over 163 years. Shows how much families in New England towns spent on food, provisions and rent, broken out by family size, for up to seven children. by OCCUPATION Annual Rate, the Bureau of Labor Statistics CPI. See tabs above for additional wage categories. Copied from the New York Daily Times newspaper. in2013dollars.com is a reference website maintained by the Official Data Foundation. This chart shows the average rate of inflation for select CPI categories between 1860 and 2023. The current inflation rate page gives more detail on the latest inflation rates. This chart shows a calculation of buying power equivalence for $1 in 1862 (price index tracking began in 1635). The same tables report average weekly wage income by family size. spent on a construction project or as the cost of a historic event is $ 56,156.17 today. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1856. Source: 1873 edition of the Victorian year-book, an Australian government publication. "The maximum price that will be paid by the United States is: for artificial legs, $75.00; for artificial arms, $50.00 for artificial feet, $50.00. The current inflation rate compared to last year is now 6.41%. The dollar had an average inflation rate of 1.82% per year between 1830 and today, producing a cumulative price increase of 3,151.85%. 12 South Unit 2-6, Dennis, MA 02639 | MLS# 73022269 | Redfin 33, p. 157. To get the total inflation rate for the 163 years between 1860 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. 244-255. The dollar had an average inflation rate of 1.43% per year between 1800 and today, producing a cumulative price increase of 2,274.37%. Read more about inflation and investment. That might tell us what the dollars were worth. Source: Congressional Serial Set #1186, pp. The 1860 Census showed average wages for farm hands, day laborers, carpenters and female domestic workers. This effect explains how inflation erodes the value of a dollar over time. Ian Webster is an engineer and data expert based in San Mateo, California. 1867, California teacher wages - statewide averages, 1861, California teacher salaries by county, 1862, California teacher wages - statewide averages, 1862-1863, California teacher wages - statewide averages, 1866 and 1867, Minnesota school teacher wages by county and sex, 1862, Missouri teacher salaries by county and sex, 1860 and 1868, Servants, female - Wages in western territories,1869, Wages by occupation and sex, 1840-1891 (not averaged), Wages by occupation - San Francisco, 1869, County officer and judicial salaries - California, 1867, Railroad car and ship building wages (not averaged) - Delaware, 1864-1891, School teacher pay by sex - Illinois, 1855-1874, Massachusetts - Wages by occupation, 1860-1897, Massachusetts wages in manufacturing industries, 1860, Wages by occupation and sex - Massachusetts, 1840-1891 (not averaged), The Woolbox: Monthly Bulletin of the Missouri State Board of Agriculture, Logging industry wages in Minnesota, 1868 season, Building trade wages in New York City suburbs, 1869, Wages by occupation and sex - New York, 1840-1891 (not averaged), Fire department wages in Cleveland Ohio, 1864-1865, Wages by occupation in Oregon and Washington, 1862, Great Britain or England - Wages by occupation, late 1860s, Great Britain - Wages compared to Massachusetts, 1860-1883, Working class wages in England, Scotland and Ireland, ca. Prices of food products (meat, vegetables, dairy), tobacco, soap, candles, salt, wine, rum, whiskey, brandy, and more. Prices and Wages by Decade: 1860-1869 - University of Missouri U. S. paper are listed alphabetically by state, then town. Compare these values to the overall average of 2.22% per year: The graph below compares inflation in categories of goods over time. The item(s) shown in the photos is exactly what is included. Shows earnings of male cashiers, clerks and tellers in New York City banks. All wage data is cited back to the original government source through report numbers;see the key to report numbers here. Breaking down these categories helps explain the main drivers behind price changes. $15,000,000 in 1800 is equivalent in purchasing power to about $326,559,523.81 today, an increase of $311,559,523.81 over 221 years. CPI is the weighted combination of many categories of spending that are tracked by the government. Comparative cost of provisions, groceries, domestic dry goods, house rent, etc. (, Shows average value of farmland and buildings by the acre. The dollar had an average inflation rate of 2.21% per year between 1860 and today, producing a cumulative price increase of 3,363.90%. The inflation rate in 1860 was 0.00%. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. The inflation rate in 1860 was 0.00%. See Question #96 in this survey. Newspaper Directory to find information about American newspapers published between 1690-present. What was a million dollars worth in 1850? [Solved] - The Billions Value of $1,000,000 from 1860 to 2023 $1,000,000 in 1860 is equivalent in purchasing power to about $36,044,578.31 today, an increase of $35,044,578.31 over 163 years. If this number holds, $13 today will be equivalent in buying power to $13.83 next year. Average prices for various foods, provisions, fuels, dry goods, boots, rent and board. According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1860 amounts in today's dollars, based on the 3,504.46% change in prices: Inflation can also vary widely by country. CPI is the weighted combination of many categories of spending that are tracked by the government. The current inflation rate compared to last year is now 6.41%. The U.S. CPI was 8.3 in the year 1860 and 299.17 in 2023: $300 in 1860 has the same "purchasing power" or "buying power" as $10,813.37 in 2023. $1 in 1860 2023 | Inflation Calculator in2013dollars.com is a reference website maintained by the Official Data Foundation. spent on a purchase is $ 3,711.79 or $ N/A today. The quantity of salt is given in seers. Note: See also the "MULTIPLE" tab (above) for additional railroad fares. This effect explains how inflation erodes the value of a dollar over time. Scroll forward to see answers from all RR companies. $1 in 1800 is equivalent in purchasing power to about $23.74 today, an increase of $22.74 over 223 years. Lists average weekly wages by state for factory, mechanical and farm labor. Source: Lists the value in British pounds for Spanish dollars, doubloons, American eagles, half-eagles and quarter eagles, gold and silver francs, as well as some South American money. The 1907 Indian Head penny is estimated at $3.30 in average condition. Here is a value chart showcasing the coin's worth under different conditions; Overview of 1907 Indian Head Penny A price list prepared by the Confederate military authorities declared the price they would pay in Virginia for food, supplies, animals and other materials needed for the war. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. 18 published in 1898. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Breaking down these categories helps explain the main drivers behind price changes. Each railroad company reported passenger fare price in cents per mile. To get the total inflation rate for the 163 years between 1860 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. If you'd li The U.S. CPI was 8.3 in the year 1860 and 299.17 in 2023: $1 in 1860 has the same "purchasing power" or "buying power" as $36.04 in 2023. Prices of farm implements such as plows and cultivators, carts, engines, tools, equipment and supplies. The inflation rate in 1856 was -2.30%. Special thanks to QuickChart for their chart image API, which is used for chart downloads. When $25 is equivalent to $901.11 over time, that means that the "real value" of a single U.S. dollar decreases over time. Annual Rate, the Bureau of Labor Statistics CPI. Average, Shows prices of groceries, provisions, fuel, dry goods, boots and rent & board, in Boston in 1860 and 1881. a riot, war, earthquake . As Figure 3 shows during the antebellum period, the value in in today's dollars. Also includes price of molasses and syrup. To get the total inflation rate for the 223 years between 1800 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Bureau of Statistics of Labor, 28th Annual Report, p. 22. The data presented here is from Penny's book unless otherwise noted. How much was 15 million dollars worth in the 1800s? Source: 1872 Report of Commissioners on Bureau of Labor Statistics to the [New Hampshire] Legislature, pp. Prices for oxen, horses, mules, milk cows, sheep and hogs appear at the the end of each state's section. How far would a dollar stretch in 1860 Tyler? Shows wages of laborers, yard hands, watchmen, teamsters, quarrymen, coal-heavers, helpers, unskilled factory operatives, without any geographic breakouts. Row labels on p. 64. Tells how much salt one rupee could buy in the various districts and provinces in India in each year from 1861-1890. SWITZERLAND 1926 30c PRO JUVENTUTE ON BRASSUS REGD COVER SENT LOCALLY (. Shows monthly rent for 4-room and 6-room tenements. Numerous stage coach lines, routes and fares are listed on pages 44-92 of. Source: 30-page booklet reviews overall wage trends from 1800-1899. Annual Rate, the Bureau of Labor Statistics CPI. Bureau of Statistics of Labor 28th Annual report, pp. Most hair dressers charge between 50 and $1.50 to cut and dress hair. $1 in 1862 2023 | Inflation Calculator Nearby homes similar to 3503 Sanddollar Ct have recently sold between $288K to $590K at an average of $270 per square foot. For example, if you started with $13, you would need to end with $468.58 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). Normally priced$100 to $165, on sale for discounted prices (, St. Louis to Springfield MO -- 70 for the first 10 words, and 7 for each additional word, St. Louis to St. Joseph MO -- "Over $1 for a message". How much is 1876 coins worth? ANALYSIS and CALCULATORS, FOOD CPI is the weighted combination of many categories of spending that are tracked by the government. Marie Concannon, Government Information Librarian See wages for bricklayers, carpenters, painters and more in. Munten Verenigde Staten Washington Quarter Quarter 1956 U.S. Mint If this number holds, $1 today will be equivalent in buying power to $1.06 next year. Shows average prices of bread in England for each year from 1660-1899 on pages 27-35. A laborer could earn $2 per day; a plasterer could earn $5.50 per day. "75 Years of American Finance: A Graphic Presentation 1861-1935" The wholesale price more than tripled during the Civil War, from $4.75 per pound in January 1861 to $17.25 in October 1864. Click here to Learn How to use Coin Price Charts. 52-54. The current inflation rate page gives more detail on the latest inflation rates. Shows prices for food, soap, firewood and coal. Source: Ohio Commissioner of Statistics. Steamship ticket prices from NY to California. What is a dollar in 1967 worth today? This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. Source: Report from the Special Commissioner of the Revenue, U.S. Dept of Treasury. Source: Chapter describes the weekly wages for the average female grocer in New York, and the difficulties for workers to make rent. It also lists stores, lots and, Document is arranged by counties in short sections. The U.S. CPI was 8.3 in the year 1860 and 299.17 in 2023: $13 in 1860 has the same "purchasing power" or "buying power" as $468.58 in 2023. For comparison, in the UK 1.00 in 1859 would be equivalent to 1.03 in 1860, an absolute change of 0.03 and a cumulative change of 3.33%. Richmond daily Whig. Data collected in the winter of 1869-1870. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. This chart shows the average rate of inflation for select CPI categories between 1860 and 2023. Source: USPS. A dollar today only buys 4.212% of what it could buy back then. The author,Virginia Penny,collecteddata during1859-1863by visiting establishments in and around NYC, Mass. 3 Beds. More . A dollar today only buys 2.775% of what it could buy back then. 2.5 Baths. Is Macmahon Holdings Limited (ASX:MAH) Trading At A 37% Discount? Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. How much was $10 dollars worth in 1860? - Quick-Advices Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. This effect explains how inflation erodes the value of a dollar over time. Retail stores could purchase in quantity at a 30% discount off published suggested retail prices. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. The dollar had an average inflation rate of 2.13% per year between 1862 and today, producing a cumulative price increase of 2,862.08%. Figures shown are in Kronor, but conversion rates for shillings and dollars are included. Figure 3 Labor Income Value of Owning a Slave in 2020 Prices You may use the following MLA citation for this page: $1 in 1860 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1860?amount=1. in Alabama. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,383.24%. 92-93. 100,000 in 1860 is worth 15,556,468.00 today - officialdata.org Shows price of coffee, sugar and tallow candles by the pound; corn and wheat by the bushel and more for 1830, 1832, 1835, 1838, 1840, 1845, 1847, 1850, 1853, 1855, 1858, 1860 and 1862. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. By calculating the value in 1860 dollars, the chart below shows how $100 is worth less over 163 years. Shows salaries for sheriff, judge, district attorney, coroner, recorder, clerk, assessor, treasurer, surveyor, public administrator, township officials, etc. Source: Documents of the Senate no. Table shows the price of hogs per the 100 pounds for each of these years: 1830, 1832, 1835, 1838, 1840, 1845, 1847, 1850, 1853, 1855, 1858, 1860, 1862. $1 in 1859 is equivalent in purchasing power to about $1 in 1860. The Relative Worth of $ 100 in 1860 . Boston guidebook lists rates to ride in hired carriages, as well as baggage allowance, 1864-1866. You may use the following MLA citation for this page: $1 in 1800 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1800?amount=1. The inflation rate in 1860 was 0.00%. Breaking down these categories helps explain the main drivers behind price changes. After 1865, Iowa -- Haircut, 35 reduced to 25 in March 1866 (, South Carolina --Haircut 35, shave 15 (, Washington DC -- Haircut and shave together,25 (, South Carolina --Haircut 25, shave 15 (. Our calculations use the following inflation rate formula to calculate the change in value between 1862 and today: Then plug in historical CPI values. This table and charts use the earliest available data for each category. 1865, Horses - Average price per head, 1867-1920, Railroad passenger fares by RR company, 1850-1897, Railroad passenger fares for lines in Pennsylvania - 1861, Emigrant price for RR ticket from NYC to Chicago, 1863, Railroad ticket price from Chicago to eastern cities, 1868, New York City to Tennessee - Route and rates, 1868, Stagecoach fares in western states, Summer 1865, New York to California - Steamship fare, 1865, New York to England - Steamship fare, 1865, Transportation prices from New York, 1865, Transportation rates in western states, 1865, San Francisco fares to other cities and countries, 1869, Retail prices before and after the Civil War - New England states, Food prices by U.S. region, state and territory, 1869, Provision and grocery prices - Alabama, 1867-1874, Grocery and provision prices - Arkansas, 1867 and 1869, Grocery and provision prices - Arizona, 1867 and 1869, Food and alcohol prices - San Francisco, 1863, Grocery and provision prices - California, 1867 and 1869, Grocery and provision prices - Colorado, 1867 and 1869, Grocery and provision prices - Connecticut, 1867 and 1869, Coffee, tea and sugar prices - Connecticut towns, 1860s, Retail food prices - Connecticut towns, 1851-1880, Grocery and provision prices - Dakota Territory, 1867 and 1869, Grocery and provision prices - Delaware, 1867 and 1869, Coffee, tea and sugar prices - Jacksonville FL, 1866-1880, Retail food prices - Jacksonville FL, 1866-1880, Grocery and provision prices - Georgia, 1867 and 1869, Grocery and provision prices - Iowa, 1867 and 1869, Coffee, tea and sugar prices - Cedar Rapids IA, 1860s, Grocery and provision prices - Idaho, 1867 and 1869, Grocery and provision prices - Illinois, 1867 and 1869, Retail food prices - Illinois, 1850s-1870s, Coffee, tea and sugar prices - Illinois towns, 1860s, Grain prices - McLean County Illinois, 1831-1860, Grocery and provision prices - Indiana, 1867 and 1869, Coffee, tea and sugar prices - Lawrenceburg IN, 1860s, Grocery and provision prices - Kansas, 1867 and 1869, Grocery and provision prices - Kentucky, 1867 and 1869, Grocery and provision prices - Louisiana, 1867 and 1869, Massachusetts - Prices of food and provisions, 1860, Grocery and provision prices - Massachusetts, 1867 and 1869, Coffee, tea and sugar prices - Massachusetts, 1860s, Grocery and provision prices - Maryland, 1867 and 1869, Coffee, tea and sugar prices - Baltimore, 1860s, Grocery and provision prices - Maine, 1867 and 1869, Grocery and provision prices - Michigan, 1867 and 1869, Grocery and provision prices - Minnesota, 1867 and 1869, Grocery and provision prices - Missouri, 1867 and 1869, Coffee, tea and sugar prices - Missouri, 1860s, Grocery and provision prices - Mississippi, 1867 and 1869, Grocery and provision prices - Montana, 1867 and 1869, Grocery and provision prices - North Carolina, 1867 and 1869, Grocery and provision prices - Nebraska, 1867 and 1869, Grocery and provision prices - New Hampshire, 1867 and 1869, Grocery and provision prices - New Jersey, 1867 and 1869, Coffee, tea and sugar prices - Jersey City, 1860s, Grocery and provision prices - New Mexico, 1867 and 1869, Grocery and provision prices - Nevada, 1867 and 1869, New York market - Prices of staple items, 1860-1863, New York City - Price of delivered milk, 1861, Beer and ale sold by the glass in NYC - Prices pre-1861, Food and provision prices in New York, 1825-1882, Grocery and provision prices - New York, 1867 and 1869, Coffee, tea and sugar prices - New York towns, 1860s, Grocery and provision prices - Ohio, 1867 and 1869, Coffee, tea and sugar prices - Ohio towns, 1860s, Grocery and provision prices - Oregon, 1867 and 1869, Grocery and provision prices - Pennsylvania, 1867 and 1869, Coffee, tea and sugar prices - Pennsylvania, 1860s, Grocery and provision prices - Rhode Island, 1867 and 1869, Grocery and provision prices - South Carolina, 1867 and 1869, Grocery and provision prices - Tennessee, 1867 and 1869, Coffee, tea and sugar prices - Nashville, 1860s, Grocery and provision prices - Texas, 1867 and 1869, Virginia - Prices of food and supplies, 1863-1864, Grocery and provision prices - Virginia, 1867 and 1869, Grocery and provision prices - Vermont, 1867 and 1869, Grocery and provision prices - Wisconsin, 1867 and 1869, Grocery and provision prices - West Virginia, 1867 and 1869, Coffee, tea and sugar prices - New Cumberland WV, 1860s, Average value of farm land and buildings per acre, 1860, Cost to operate a plantation in the American south after the Civil War, Tenements - Monthly rent by U.S. region, 1869, Land prices and farm rent in Alabama, 1869-1870, Real estate catalog listings for Alabama, 1866, Land prices and farm rent in Arkansas, 1869-1870, Real estate catalog listings for Arkansas, 1866, Land prices and farm rent in Arizona Territory, 1869-1870, Land prices and farm rent in California, 1869-1870, California farm value by county, 1850-1982, Land prices and farm rent in Colorado, 1869-1870, Land price, commissions and fees under the Homestead Act, Connecticut farm value by county, 1850-1982, Boarding house rates - Prices for female lodgers, 1860s, Land prices and farm rent in Dakota, 1869-1870, Washington DC houses for sale and rent, 1865, House rents in Wilmington, Delaware, 1862, Land prices and farm rent in Florida, 1869-1870, Land prices and farm rent in Georgia, 1869-1870, Real estate catalog listings for Georgia, 1866, House rents in Cedar Rapids, Iowa, 1861-1880, Land prices and farm rent in Iowa, 1869-1870, Land prices and farm rent in Idaho, 1869-1870, Land prices and farm rent in Illinois, 1869-1870, Land prices and farm rent in Indiana, 1869-1870, House rents in Louisville Kentucky, 1856-1880, Land prices and farm rent in Kentucky, 1869-1870, Real estate catalog prices in Kentucky, 1866, Advertised house and land prices in Louisiana, 1866, Land prices and farm rent in Louisiana, 1869-1870, Louisiana farm value by county, 1850-1982, Land prices and farm rent in Maryland, 1869-1870, Real estate catalog listings for Maryland, 1866, Rents for tenements in Massachusetts, 1860, Massachusetts farm value by county, 1850-1982, Land prices and farm rent in Michigan, 1869-1870. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. How much was $12 1865? Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. States included: ME, NH, VT, MA, RI, CT, NY, PA, NJ, DE. Shows the average retail price of flour, meat, cheese, sugar, coffee, tea, etc. 18-19. Chapter mentions the prices of pet birds in New York before 1863. During the industrial revolution Eurasia used steam power, coal, and water for sources of energy. This 1890 U.S. Census publication includes a. Women mightearn up to$13 -$15 per month after three years. Similarly How much was 1 million dollars worth in the 1800s? You may use the following MLA citation for this page: $1 in 1859 1860 | Inflation Calculator. Official Inflation Data, Alioth Finance, 21 Feb. 2023, https://www.officialdata.org/1859-dollars-in-1860?amount=1. The Value Of Money During The Civil War | Thales Learning & Development There is a. 13 dollars a month | Civil War History Discussion How much was a million dollars worth in 1860? - WisdomAnswer The dollar had an average inflation rate of 1.43% per year between 1800 and today, producing a cumulative price increase of 2,274.37%. This chart shows a calculation of buying power equivalence for $1 in 1856 (price index tracking began in 1635). In other words, a dollar will pay for fewer items at the store. March 3, 2023 12:12pm. In 1860 land sold for $1-3 per acre. CPI is the weighted combination of many categories of spending that are tracked by the government. Discussed in. Dates compared: 1860-61 and 1867-68. (Click image for detail). In other words, a dollar will pay for fewer items at the store. For comparison, in the UK 1.00 in 1862 would be equivalent to 155.56 in 2023, an absolute change of 154.56 and a cumulative change of 15,456.47%. An "emigrant rate" (third class) ticket from New York City to Chicago cost $11 in 1863. The dollar had an average inflation rate of 2.16% per year between 1856 and today, producing a cumulative price increase of 3,419.65%. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index.
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