Is it worth your while to know the history of monetary values? If so, do check out How Much Is That. There you can compare values in current dollars or British pounds to values from yesteryear. You can even compare values from one specific year in past to another.
The HMIT is perfect for contextualizing those history lessons. The Louisiana Purchase cost US a fair amount way back when. What would it cost today?
In 2004, $15,000,000.00 from 1803 is worth...
$249,180,882.35 using the Consumer Price Index
$262,262,165.72 using the GDP deflator
$3,979,473,684.21 using the unskilled wage
$5,757,601,498.24 using the GDP per capita
$390,659,102,694.23 using the relative share of GDP
The natural follow up to above would be, what the heck's the difference between worth using CPI and worth using relative share of GDP? I'll get back to you on that one.... Uh, David, care to comment?
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