Posted on 03/05/2018 7:14:16 PM PST by Right Wing Assault
a car cost $2900 in 70
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Depends on what car...
I bought a ‘64 Impala convertible NEW for $3600.
For comparison, my parents bought a new house on a half acre for $3700 in 1943.
>>The judge will look at this as the owners
had the means to notify the authorities
as to the whereabouts of their property,
and that the owners excessive force was
unwarranted.
People have tracked down their stolen cellphones before (worth upwards of a thousand dollars these days) and found police unwilling to confront the thieves.
Response may depend on the community. I know someone who used to work for Lo-jack (is that how it is spelled?) which dating back to the 80s or 90s would install a transmitter in your car for recovery in case you car is ever stolen. And I think Lo-jack would relay the whereabouts to the authorities of law enforcement to act on it (think of a mobile intruder alarm system).
I don’t support vigilante action. And I agree with your closing remark.
Gold was fixed at $35/oz at that point.
600/35=17.14 oz.
Current price, $1337. About $23,000.
In 1945, minimum wage was $0.40, which means it would take the average teen a LONG time to pay $600 back.
https://www.dol.gov/whd/minwage/chart.htm
Put me on the jury. Not guilty.
True, but monetary gold was illegal for Americans to own at the time. It was only pegged at $35 to foreign central banks.
Point being $600 denominated in US gold coin are worth about $40,000 in terms of their gold content today’s currency, without regard to any special collector value. That is remarkable. If we used silver dollars, $600 then would be around $10,000 in today’s currency.
It is clear though that those boys did a number on that new house. Modern drywall can’t be compared to plaster walls. I can easily see a crew of teenage vandals today knocking out $20k or $30k in damage to a new house without breaking a sweat. As mentioned it is difficult to make direct price comparisons over time for several reasons, but it is obvious the so-called inflation calculators are grossly innaccurate.
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