The dog that Willie buys for 15 pounds (out of the 20 pounds he has to his name at the time) equates to about 827 GBP today which is $1,257 at current exchange rates.
shareI can't remember (it's probably been a month since I've seen this), was it a mutt or pure-bred? If it was a breed, that's not out of line.
shareAccording to the online inflation calculators, 15 British pounds in 1930 is around $300 in 2016 dollars. For a pure bred Terrier that's pretty cheap actually.
"Who's running this airline?!"
I don't know which inflation/exchange calculators you used, but I think you are way off in your current value.
I'll do it another way from my original to check.
First, go to https://www.measuringworth.com/m/datasets/exchangeglobal/
We find out in 1930, the exchange rate from between dollars and pounds was 0.2057 GBP to the dollar. That makes £15 = $72.92 at the time in 1930. (15/.2057)
Now go to the U.S. government inflation calculator, http://data.bls.gov/cgi-bin/cpicalc.pl plug in $72.92 for 1930 and you get $1,055.50 in 2016.
Another way to do it directly in one go is to use https://www.measuringworth.com/exchange/ - which I didn't do because it gives a confusing (to me at least) range of values. However, in doing so, £15 in 1930 gives a value of $1,110.00 - which isn't far off the previous calculation, but its data is only to 2014.
I hope this gives you and everyone else an idea of how I figure such things, and please correct me if my methodology is in error.
you cannot convert to dollars in the past, you must convert past pounds to present pounds, and then pounds to dollars. that should be obvious.
share