December 22, 1894 - “The Amateur Golf Association of the United States—later renamed the United States Golf Association—is formed in New York to govern the sport”.
In 1895, 21 year old Englishman Horace Rawlings won the first US Open. First prize was $150.
https://www.history.com/this-day-in-history/golf-usga-united-states-governing-body
$150 in 1895 is worth $5,316.27 today, so I guess sorts inflation exceeds real inflation.