Value of A Dollar
In 1867 Kuhn, Loeb & Co., was reputed to have been capitalized at $500,000.00. In today's dollars, versus various benchmarks, this would be equal to:
- $7,029,288.70 using the Consumer Price Index
- $6,321,583.51 using the GDP deflator
- $55,096,551.72 using the unskilled wage
- $98,870,892.13 using the GDP per capita
- $791,998,799.52 using the United States Gross Domestic Product
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Famous quotes containing the word dollar:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)