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
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