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[Linda Anderson]

(01-20-2015 06:12 PM)RJNorton Wrote:  

(01-20-2015 05:56 PM)Linda Anderson Wrote:  Does anyone know what $50,000 was worth in 1872?

Linda, the page here says:

$50,000 of 1872 dollars would be worth: $961,538.46 in 2014.

$50,000 of 2014 dollars would be worth $2,600.00 in 1872.

Thanks, Roger. I found this site which comes to about the same estimate. The $200,000 total is the correct amount, Laurie. Olive did well receiving $50,000. I can just imagine what was in those letters from the Seward sons about her.

"This chart, compiled by the blog Advisor Perspectives using a combination of official Bureau of Labor Statistics Consumer Price Index data since 1913, and historical data taken from Robert Shiller's website, shows that the purchasing power of $1.00 in 1872 has dropped to $0.05 today:"

Read more: http://www.businessinsider.com/a-dollar-...z3PP5lvQIb