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Author Topic: How much was $10 in 1970? Michael Schaffer "Where is the Boardwalk Hotel?" Posts: 4143 From: Boston, MA Registered: Apr 2002 posted 09-26-2004 03:06 AM                        I just watched "Midnight Cowboy" on DVD (a really cheerful movie for the whole family, BTW). In one scene Jon Voight says "look I bought all this stuff and I still have 9 Dollars left" (or something like that, it's not an exact quote). Wow. 9 Dollars. How much was that actually around 1970? What did typical everyday things cost back then?  |  IP: Logged Leo Enticknap Film God Posts: 7474 From: Loma Linda, CA Registered: Jul 2000 posted 09-26-2004 06:18 AM                        I can't give you an answer, but I've often thought that a website (or other resource) which enabled you to enter a figure in a given currency, plus a date, and then told you the equivalent value today allowing for inflation and any changes to the currency system (e.g. when British currency was decimalised in 1972) would be extremely useful. Only the other day I was looking at an advert for Standard 8 home movie cameras made in 1955: the commentator cheerfully stresses that they are 'excellent value' at £42 6s 2d. From talking to friends and relatives who were around in the 1950s I've managed to get a rough idea of what that would be now, but a way of getting an accurate answer to that sort of question would be very useful. Assuming you had access to the inflation data, a calculation program shouldn't be too difficult to write, I'd have thought.  |  IP: Logged Phil Hill I love my cootie bug Posts: 7595 From: Hollywood, CA USA Registered: Mar 2000 posted 09-26-2004 06:57 AM                  What is a dollar worth? >>> Phil  |  IP: Logged Steve Kraus Film God Posts: 4094 From: Chicago, IL, USA Registered: May 2000 posted 09-26-2004 10:40 AM                    Too time consuming, Phil, to calculate year to year over such a long period. A good set of tables is available on Robert Sahr's page at Oregon State. These convert directly to/from 2004 dollars. We see that the conversion factor (CF) for 1970 is .208. Therefore $10 / .208 tells us that 10 1970 dollars is about 48.08 in 2004 dollars. And $10 x .208 tells us that 10 current dollars has the same purchasing power as about $2.08 did back then. A penny...I mean 4.8 cents...for your thoughts?  |  IP: Logged Mark Gulbrandsen Resident Trollmaster Posts: 16657 From: Music City Registered: Jun 99 posted 09-26-2004 11:29 AM                     Michael, Out of curiosity how much was the Deutchmark in 1970 vs. today? Mark  |  IP: Logged Tim Reed Better Projection Pays Posts: 5246 From: Northampton, PA Registered: Sep 1999 posted 09-26-2004 12:45 PM                       I can remember .26 per gallon gas.  |  IP: Logged Mark Lensenmayer Phenomenal Film Handler Posts: 1605 From: Upper Arlington, OH Registered: Sep 1999 posted 09-26-2004 12:56 PM                     In 1970, my tuition at Capital University was $2,000. It is now $20,000. My first year starting salary as a teacher was $6,700 in 1973. Starting salary now is about $36,000. And, that $.26 per gallon gas was sure nice...and it was even less when there were price wars...AND they pumped your gas and checked your oil!  |  IP: Logged Leo Enticknap Film God Posts: 7474 From: Loma Linda, CA Registered: Jul 2000 posted 09-26-2004 01:06 PM                        Mark: The deutschmark no longer exists today - Germany joined the single European currency (the euro) when it began in January 2003. It should theoretically be possible to calculate what a 1970 deutschmark is worth in 2004 euros, though.  |  IP: Logged Richard Fowler Film God Posts: 2392 From: Ft. Lauderdale, FL, USA Registered: Jun 2001 posted 09-26-2004 03:32 PM                     In 1970 I drove from Tampa, Florida to Los Angeles, California on $32.00 of gas. I now spent that approximate amount driving from home to work during a week  |  IP: Logged Michael Schaffer "Where is the Boardwalk Hotel?" Posts: 4143 From: Boston, MA Registered: Apr 2002 posted 09-26-2004 06:53 PM                        I don't remember how much the Mark was worth in 1970 - I was only 2 at that time!  |  IP: Logged Steve Guttag We forgot the crackers Gromit!!! Posts: 12814 From: Annapolis, MD Registered: Dec 1999 posted 09-26-2004 11:31 PM                     Yeah, but more importantly, how much was MARK worth in 1970? Steve  |  IP: Logged Mike Blakesley Film God Posts: 12767 From: Forsyth, Montana Registered: Jun 99 posted 09-27-2004 02:54 AM                        My parents bought a new 1971 Ford LTD -- top of the line for Ford -- in late 1970 for $3100. It cost $1.25 for adults to get in to our theatre in '70. It was $1.75 when I bought the place in 1979.  |  IP: Logged Carl Martin Phenomenal Film Handler Posts: 1424 From: Oakland, CA, USA Registered: Feb 2002 posted 09-27-2004 04:17 AM                        am i the only one who is surprised that inflation was a nonissue until world war 2? sure, there were some ups and downs, but a dollar was worth the same in 1933 as in 1800! wha' happened? carl  |  IP: Logged Bruce McGee Phenomenal Film Handler Posts: 1776 From: Asheville, NC USA... Nowhere in Particular. Registered: Aug 1999 posted 09-27-2004 06:35 AM                     The great depression? I remember 29 cent regular gasoline in 1970 driving thru Georgia to Florida.  |  IP: Logged Mark Gulbrandsen Resident Trollmaster Posts: 16657 From: Music City Registered: Jun 99 posted 09-27-2004 08:37 AM                     quote: Steve Guttag Yeah, but more importantly, how much was MARK worth in 1970? Mark was a Sophmore in High School in 1970 and had a net worth of less than 500.00. Today I still have a net worth of less than 500.00 so things have pretty much stayed consistant for me over all those years.... Mark  |  IP: Logged

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