Money In 1920's

[Richie88]

How much would be $1000 dollars be in 1920 in today's money roughly?

[Mass_Hysteria]

$12,148.20

http://www.dollartimes.com/calculators/inflation.htm

[Calibax]

$11,500
http://www.davemanuel.com/inflation-calculator.php

[Peter Pedant]

11k sounz about right

The fact to carry around with you is:

one pound in 1914 and yes I realise the q was dollars - bought what £10 did in 1972 the year of decimalisation and £100 of money now

and one sov or a pound in 1914 didnt change much in value from 1815.

and there you are - you have money inflation for sterling over 200 y in your head !

wow

yeah and two times when the pound deflated - ie bought more at the end than at the beginning and that is 1890-1900 and surprisingly 1920-29
but th sort ofe effect is peanuts - 1890 as 100 then 1900 as 108.9

[factor-fiction]

I haven't checked but I'd have thought that inflation is the UK was much higher than the US on average and the increase in value of £1000 was much greater. I'd guess at least £20000; maybe nearer £30000

[ChuckFickens]

Factor...

I'd hazzard a guess that the site "dollartimes.com" in the first answer is probably using USA inflation.

[ChuckFickens]

Oppps... see your point now :)

[Peter Pedant]

Oh Chucky ! how american

Dukes of Hazzard I mean.

and your avocado - the blue boy has replaced the Giant erm that thing - which lasted as long as a day didnt it ?

[factor-fiction]

I know chuck- I was just trying to say that 'inflation' must have been much greater in the UK than is the US. Thinking about it, I think that £1000 in 1920 would be worth more than £50000 now, which is what I think PP has said

[factor-fiction]

sorry chuck, I'm about 5 minutes behind

[Peter Pedant]

FF yeah the factor from 1971 needs adjusting up from 10x

my first decimal pint of beer was 13p and you cant get one for £1.30
but I er dont know what the going rate is since I have moved onto dry white or G n T.

[Peter Pedant]

oh god I have made a 10x error: lucky I am not at work

yeah just under 100k blush blush

The 1914-18 war was looked at the time as a time of Great inflation
however looking back on the second war and seventies,
WASNT that great - but was perceived so at the time b/c the value hadnt moved for 100 y.

sorry
well spotted FF