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Politics : Foreign Policy Discussion Thread -- Ignore unavailable to you. Want to Upgrade?


To: kumar who wrote (4403)2/20/2003 1:49:30 AM
From: KLP  Respond to of 15987
 
Thanks for the link, kumar!



To: kumar who wrote (4403)2/20/2003 2:08:21 AM
From: Bill Ulrich  Read Replies (1) | Respond to of 15987
 
According to the Economic History calculator: £712,596.01 in the year 2001 has the same "purchase power" as £10,000 in the year 1773. eh.net

Some notes on its methodology here: eh.net

(They suggest a conversion of 1.35 for £ London to £ Massachusetts ("Massachusetts pound"), in use during that time) A rough thumbnail for the "today's dollar": "...we find that £400 Massachusetts currency in 1774, when adjusted for inflation, works out to have been worth about $28,000 United States currency in the year 2000."