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:
“Quite apart from any conscious program, the great cultural historians have always been historical morphologists: seekers after the forms of life, thought, custom, knowledge, art.”
—Johan Huizinga (1872–1945)
“The truth has never been of any real value to any human being—it is a symbol for mathematicians and philosophers to pursue. In human relations kindness and lies are worth a thousand truths.”
—Graham Greene (1904–1991)