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/lit/ - Literature

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10923326 No.10923326 [Reply] [Original]

>old book
>author mentions monetary amount
>no footnotes explaining how much that is worth mre or less
Fucking hate this, tbqhmelads

>> No.10923574

>>10923326
It is incredibly difficult to equate modern currency values to past values. A simple example even a brainlet like yourself can handle is inflation between now and 1970. $1 then is roughly equal to $6 now. The only way to conceptualize value of currency in the far past is to understand what it could buy.

>> No.10923594

>>10923574
>The only way to conceptualize value of currency in the far past is to understand what it could buy.
This is how I do it, I translate how many daughters could be purchased then vs now.

>> No.10923602

>>10923594
You could buy a daughter with a horse in 1818, nowadays you can't buy a daughter at all

>> No.10923630

>>10923602
>nowadays you can't buy a daughter at all
Keep telling yourself that.

>> No.10923636

i had an idea for a website that could take historical monetary values and let you know what they are in today's money but i never made it because i'm dumb and lazy

>> No.10924620

>>10923326
>What is google?

>> No.10924628

sous, livres, guineas, sovereigns

>> No.10924632

>>10923574
>>10923594
only works for things where both supply and demand have remained vaguely constant. Daughters are a lot harder to buy today than they were even 50 years ago.