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:
“Some of us still get all weepy when we think about the Gaia Hypothesis, the idea that earth is a big furry goddess-creature who resembles everybody’s mom in that she knows what’s best for us. But if you look at the historical record—Krakatoa, Mt. Vesuvius, Hurricane Charley, poison ivy, and so forth down the ages—you have to ask yourself: Whose side is she on, anyway?”
—Barbara Ehrenreich (b. 1941)
“I lay the mind’s contents
Bare, as upon a table,
And ask, in a time of war,
Whether there is still
To a mind frivolously dull
Anything worth living for.”
—Allen Tate (1899–1979)