I found a relative value calculator online. I typed in $2.00 in 1913 money. compared to 2016 money.
I got 48$....
Another one I tried said this
- "In 2015, the relative value of $2.00 from 1913 ranges from $36.10 to $913.00. "
Then I found this.
Cost of things in 1900's
-Board at Clemson College for 40 weeks cost $59 (1896)
-A home on Flatbush Ave in Brooklyn, NY cost $7,000 to $12,000 (1901)
-One Oldsmobile cost $650 (1904)
-One pound of coffee cost $0.15
Cost of coffee in 2000
-One pound of coffee cost $3.54 (2000)
Folgers the cheap stuff is 6 dollars today other brands are over 30$
I have a feeling the inflation adjustments most people use don't take in to account quality.
You can compare the cost of a burger in 1913 to McDonald's crap. Or you could compare a burger from a farm down the road in 1913 to a family farm burger today. Inflation looks much worse with the latter more accurate comparison.
Source
Here is a look at the devaluation since the creation of the FED in 1913:
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In just my lifetime according to the bank of Canada I have lost 2/3 of my purchasing power. Most currencies have a shelf life of about 40 years which is close to the average life span. If you were rich enough to have $100 in 1914 it would be like having $2116 in 2016!
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