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To: GeronL
money values change a lot over time,

No doubt, but those were the pay rates of the day, not adjusted. I think the expert was overstating his case.

51 posted on 08/17/2014 12:37:46 PM PDT by xone
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To: xone

OK, the expert in the video is full of poop on that issue then.

before the Civil War a Cavalry private was earning $8 a month, a sergeant $13. During the war a private was paid $16 but dropped back to $13 for the private after the war.

I guess war really does cause inflation.

source: “US Cavalry on the Plains 1850-90”

http://books.google.com/books?id=4LrfhMksZYoC&pg=PA23&lpg=PA23&dq=how+much+were+US+Cavalry+paid+in+1850?&source=bl&ots=_tb1myuI_5&sig=-fVBeNhMZ6PA5kR3yeDCqAuF5Ic&hl=en&sa=X&ei=IATxU7CAEqXn8AGm_IGoCQ&ved=0CEAQ6AEwBA#v=onepage&q=how%20much%20were%20US%20Cavalry%20paid%20in%201850%3F&f=false


52 posted on 08/17/2014 12:41:58 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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