Historical Worth
Depending on how it is calculated, a million US dollars in 1900 is equivalent to 2006 US dollars of
- $24,766,584.77 using the Consumer price index,
- $21,224,697.05 using the GDP deflator,
- $114,128,571.43 using the unskilled wage,
- $162,813,054.25 using the nominal GDP per capita,
- $641,531,874.47 using the relative share of GDP,
Thus one would need to have a little over twenty million dollars today to have the purchasing power of a US millionaire in 1900, or more than a hundred million dollars to have the same impact on the US economy.
Read more about this topic: Millionaire
Famous quotes containing the words historical and/or worth:
“Nature never rhymes her children, nor makes two men alike. When we see a great man, we fancy a resemblance to some historical person, and predict the sequel of his character and fortune, a result which he is sure to disappoint. None will ever solve the problem of his character according to our prejudice, but only in his high unprecedented way.”
—Ralph Waldo Emerson (1803–1882)
“The sturdy Irish arms that do the work are of more worth than oak or maple. Methinks I could look with equanimity upon a long street of Irish cabins, and pigs and children reveling in the genial Concord dirt; and I should still find my Walden Wood and Fair Haven in their tanned and happy faces.”
—Henry David Thoreau (1817–1862)