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Choctaw gift to Irish 170 years ago

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    #2
    A2LUE42
    Registered Users Posts: 2,541 ✭✭✭A2LUE42


    It's all relative to what you use to calculate the inflation. But for a story like that he picked a bad one, in my opinion.

    The Price Measures
    $170 in 1850 has a relative price worth of $5,796.51 today using the Consumer Price Index (CPI)
    $170 in 1850 has a relative price worth of $4,201.74 today using the GDP Deflator.

    The Wage, Income, Household Expenditure Measures
    $170 in 1850 has a relative wage of $46,386.14 paid to an Unskilled Worker today.
    $170 in 1850 has a relative wage of $109,218.03 paid to paid to a Production Worker today.
    $170 in 1850 has a relative Per Capita GDP of $100,136.99 today.

    The Output Measure
    $170 in 1850 would be the same proportion of output as measured by GDP that $1,418,616.74 is today.
    For the definitions of the indexes go to The Indexes Used.


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    #3
    Stratvs
    Registered Users Posts: 958 ✭✭✭Stratvs


    https://en.wikipedia.org/wiki/Kindred_Spirits_(sculpture)

    Interesting sculpture relating to the gift here.


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    #4
    Ten of Swords
    Moderators, Category Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 23,641 CMod ✭✭✭✭Ten of Swords


    Good thread on this in the covid forum

    https://www.boards.ie/vbulletin/showthread.php?t=2058075370

    Moderator: Lesbian, Gay, Bisexual & Transgender, Vegan & Vegetarian

    Category Moderator: Social & Fun



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