Confederates Defeat Vanderbilt

Inside Higher Education ^ | May 16, 2005 | Scott Jaschik

[TexConfederate1861]

About time the Courts upheld the truth!

[x1stcav]

This is too sweet for words.

[wolfpat]

So, what does $50,000 in 1933 dollars come to today?

[TexConfederate1861]

Probably one hell of a lot of money.....enough to make a bunch of liberals SQUEAL! :)

[SmithL]

“A great majority of those who fought in the Confederate armies owned no slaves. Their homeland was invaded, and they rose up in defense of their homes and their farms. They fought the unequal struggle until nearly half their enlisted strength was crippled or beneath the sod. This dormitory is a memorial to them,”

BINGO

[konaice]

But the appeals court said that was irrelevant because the agreement to name the dormitory “Confederate Memorial Hall” was between a donor and a charitable group — and the government never forced the gift to be accepted.

A Deal is Deal. I wonder who teaches contract law at Vanderbilt? I think someone there deserves a spanking.

http://law.vanderbilt.edu/

[TomServo]

Dixie Ping Sir!

[ikka]

Gold was $35 an ounce in 1933. So, $50K = 1428.57 ounces of gold. At today's prices, that much gold is worth $419.90 per ounce; so at a minimum, that would be $599,857.14 .

[wolfpat]

I just read the article from the link. Some poster on that forum said it was $750,000 but that doesn't seem right. That's 150% inflation in 72 years. I'm pretty sure I've seen at least 100% inflation in my lifetime (I'll be 47 next month).

[righthand man]

A judge who knows his history!!!!

However, one of the judges who heard the case wrote a concurring opinion objecting to Vanderbilt’s statements about the word “Confederate.” Judge William B. Cain wrote that Vanderbilt has a “misperception” about the Confederacy. “A great majority of those who fought in the Confederate armies owned no slaves. Their homeland was invaded, and they rose up in defense of their homes and their farms. They fought the unequal struggle until nearly half their enlisted strength was crippled or beneath the sod. This dormitory is a memorial to them,” he wrote.

[konaice]

"So, what does $50,000 in 1933 dollars come to today?"

$751,000 and change according to the calculator
supplied by the Minneapolis Federal reserve Bank.


http://minneapolisfed.org/Research/data/us/calc/index.cfm

[AntiBurr]

Check your math, I think you left out a zero there. Try 1500%.

[wolfpat]

I stand corrected.

[wolfpat]

I stand corrected, again.

[PAR35]

Gold was $35 an ounce in 1933.

A serving of Coke was a nickle back then. Now, the average price is about 75 cents. On the Coca-Cola scale, it would be about $750,000.00

[Dawgreg]

All I have to say is YAHOOOOOO!

[ArmyBratproud]

some where close to...

$738,076.92


rough estimate conversion

Conversion Factor = 14.76154
Percent Change = 1,376.15%


could be wrong...

[pdlglm]

I wouldn't complain too hard. This is a win.

3 quarters of a million is none to shabby a price for VU's political correctness.

[Voir Dire]

They should put this decision in the Vandy law curriculum.