I'm reading The Crucible and Reverend Parris had all of his money stolen, but it was only 31 pound. How would certainly that translate right into money today?
Comparing the worth of pounds in 1700 in Colonial America to the value of dollars this particular day, is not an easy exercise.
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Tright here are numerous means to perform it, however all have actually their problems.
The loved one value of points has changed so a lot in between currently and then, that it renders comparichild challenging. Here is an example: From a probate inventory of the possessions of Valentine Bird, in 1680 in North Carolina, (http://www.learnnc.org/lp/editions/nchist-colonial/1635 http://www.learnnc.org/lp/editions/nchist-colonial/1646), we discover that Bird owned three pair of fine Holland bed sheets, worth 50 shillings (2 pounds 10 shillings) a pair. His bedstead, was worth 8 shillings (20 shillings in a pound).
Today, this 4 poster bed from Pottery Barn, http://www.potterybarn.com/products/farmhouse-canopy-bed/?pkey=cbeds-headboards%7Cwood-beds-headboards%7C&&cbeds-headboards|wood-beds-headboards|, which could be comparable to Mr. Bird’s bed, would cost $1600.
A good sheet collection from Pottery Barn (including pillowinstances, which Mr. Bird’s pair of sheets did not) would cost $200. http://www.potterybarn.com/products/pb-organic-400-thread-count-sheet-set/?pkey=csheet-sets&&csheet-sets
So, if we used the bed index to determine the value of pounds approximately 1700 to dollars now, we would certainly calculate that 1 pound then was worth $4,000 this day. That would make Reverend Parris’ 31 pounds worth $124,000.
If we offered the sheet collection index, then 1 pound then would be worth $80 today, and also Reverend Parris’ 31 pounds would certainly be worth $2,480.
There is a big distinction between the two indexes. The loved one worth of bedsteads and sheet sets has actually adjusted massively since 1700. Sheets (like all textiles) were exceptionally expensive prior to the commercial rdevelopment, when they were all spun and wcooktop by hand also, and also, in the swarms, the finer sheets were all imported from Europe. Bedsteads, yet, could be made locally by any kind of knowledgeable carpenter, from readily easily accessible and also cheap lumber.
This website tries to make an indexed conversion from pounds in days of yore to dollars today: http://www.uwyo.edu/numimage/currency.htm
It thinks that a pound in 1700 would certainly be worth about $189 in 2015. That would make Reverend Parris’ 31 pounds worth $5,859.
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But, as you deserve to watch from the examples of the bedstead index and the sheet index, all such conversions of old money into today’s money are problematical estimations.