$500 US dollar in the 19th century, what is the worth?
I am watching "the last Samurai" an Tom Cruse's character just got offer $500 per month to help train Japan's army and that was a lot of money. So...who know what is the worth of $500 in 19th century?
Well, don't take this to the bank, but according to the only historic calculator I found that goes back to 1880 shows that $500 would be worth $11,350 in 2017 dollars. Based on two other calculators that go back to 1914, in 1914 that $500 would be worth $12,250. Based on that, I'm assuming that $11,350 might be a little low, so I'd take a swag that $500/month would be worth $13,500/month.
I was thinking the same thing about the value of $400.00 in the 18th C. earlier today while watching "Africans in America (Part 2) on YouTube. When a man named Venture worked to purchase freedom for his two sons (they were priced at $200.00 each) by chopping wood. Image how many cords he chopped?
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