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To: oceanview; dead; A. Pole; hedgetrimmer; AmusedBystander
The indians sold the island of Mannahatta for 24 dollars worth of beads.

Let's think a little --$24 in 1637, invested at 7% (long term historical investment return) would now be worth $1,670,418,178,311.90.  That's more than the total value of all of Manhattan today -- all the land, the buildings, and the businesses.

184 posted on 02/15/2006 1:22:53 PM PST by expat_panama
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To: expat_panama
Let's think a little --$24 in 1637, invested at 7% (long term historical investment return) would now be worth $1,670,418,178,311.90. That's more than the total value of all of Manhattan today -- all the land, the buildings, and the businesses.

Zing. Plus, you didn't put a value on the beads.

269 posted on 02/15/2006 3:15:01 PM PST by Rodney King (No, we can't all just get along.)
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