The Shrinking Value of the DollarAbout the shrinking value of the dollar in the history of the United States, prices rise as buying power lowers.THE SHRINKING VALUE OF THE DOLLAR
The average retail cost of certain foods in selected years, 1890-1975 (to the nearest cent)
5 lb. 1 lb. 1 qt. 10 lb. flour round steak milk potatoes 1890 .15 .12 .07 .16 1910 .18 .17 .08 .17 1930 .23 .43 .14 .36 1950 .49 .94 .21 .46 1970 .59 1.30 .33 .90 1975 .98 1.89 .45 .99
SOURCE:
United States Bureau of the Census. Historical Statistics of the United States from Colonial Times to 1957. (Washington, D.C., 1960). p. 128.
United States Bureau of the Census. Statistical Abstract of the United States, 1972. 93rd edition (Washington, D.C., 1972). p. 353.
The People's Almanac's personal survey, January, 1975.
| ||
You Are Here: Trivia-Library Home » Money in the U.S.: History of the Dollar Bill » The Shrinking Value of the Dollar | ||
|