A 40 dollar bounty on wolves in 1816 would be 549.00 today.They sure wanted those wolves dead.
With the starvation. i am surprised they even needed a bounty.
“A 40 dollar bounty on wolves in 1816 would be 549.00 today.They sure wanted those wolves dead.”
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Probably even substantially more than that. I went to the following on-line inflation calculator and found out what $40 in 1914 would be equivalent to in today’s money and found it would be over $900. There likely are similar on-line calculators that go back further (to 1816?), but I didn’t find one in a limited search.
http://www.dollartimes.com/calculators/inflation.htm
FINDING: “$40.00 in 1914 had the same buying power as $939.25 in 2015.
Annual inflation over this period was 3.17%.”
Imagine the money of the time, gold and silver coin.
Two $20 dollar gold pieces today ($1168.50 an ounce) would fetch at least $2261 (gold content of 0.9675 troy oz per coin)
That represents how worthless our dollar is right now. It takes $56.53 'dollars' of today to equal one real dollar. In 1934 it was a 1:1 trade.