Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DiogenesLamp

Here’s a cut and paste from MeasuringWorth.com.

None of these prices has much meaning to us today, but they would if we revalue them in today’s dollars to the amount of money slave owners spent 150 years ago. The techniques developed in MeasuringWorth have created ten “measures” to use to compare a monetary value in one period to one in another, as explained in the essay “Measures of Worth.”. Of those ten, three are useful for discussing the value of a slave. They are: labor or income value, economic status and real price. Using these measures, the value in 2011 of $400 in 1850 (the average price of a slave that year) ranges from $12,000 to $176,000.


239 posted on 07/07/2015 3:29:10 PM PDT by Sherman Logan
[ Post Reply | Private Reply | To 228 | View Replies ]


To: Sherman Logan
Using these measures, the value in 2011 of $400 in 1850 (the average price of a slave that year) ranges from $12,000 to $176,000.

This makes more sense. At $750.00 of valuation in today's dollars, you would think the Abolitionists could have gotten together and bought them out.

247 posted on 07/07/2015 3:44:44 PM PDT by DiogenesLamp
[ Post Reply | Private Reply | To 239 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson