Price Comparison Essay In the 1930’s, money was hard to come by. This was all because the Great Depression started. This meant that the stock market crashed and people couldn’t make good enough money to live from. Hundreds of thousands of Americans lost their job because of this so people had to lower their prices by a lot. I’m going to be talking about the price comparisons from the 1930’s to today. In 1933, $1 would be equivalent to $18.43, but if you have it in 1933, it would be equivalent to 76 cents. (“Inflation Calculator”). In the 1930’s, the average cost of gas was 10 cents and today it is bumped up to around $3.80. A new car would be priced around $600 while today it would be around $31,000. All of you might be thinking that it would be great to live in the 30’s but that isn’t all that true. Most American’s rarely bought “expensive” things because they only bought milk or bread and what they needed, not a new car for $600 because they didn’t have that kind of money.
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This money could buy you milk, bread, water, and you would still have money left over. 76 cents in 1933 could buy you 1lb of steak, milk, and a gallon of gas. That seems like a lot of things you can buy but you see how low the prices were for everyday items in the 30’s vs today. Today, one pound of steak could cost you 20 dollars. That is a huge inflation rate by going from 20 cents to 20 dollars. (“A Grocery List From the 1930’s”). Taking a break from food and going into living. If you wanted to buy a new mattress, how much do you think that would be? It could be over 1,000 dollars, right? In 1930, a brand-new mattress could only cost you $15.98. (“1930’s Furniture Including Prices”). That is not a lot of money but back in those times, that is spending a month’s savings. The reason the costs have risen today is because the stock market was down in the 30’s but it isn’t today, which caused the costs to lower in the
This money could buy you milk, bread, water, and you would still have money left over. 76 cents in 1933 could buy you 1lb of steak, milk, and a gallon of gas. That seems like a lot of things you can buy but you see how low the prices were for everyday items in the 30’s vs today. Today, one pound of steak could cost you 20 dollars. That is a huge inflation rate by going from 20 cents to 20 dollars. (“A Grocery List From the 1930’s”). Taking a break from food and going into living. If you wanted to buy a new mattress, how much do you think that would be? It could be over 1,000 dollars, right? In 1930, a brand-new mattress could only cost you $15.98. (“1930’s Furniture Including Prices”). That is not a lot of money but back in those times, that is spending a month’s savings. The reason the costs have risen today is because the stock market was down in the 30’s but it isn’t today, which caused the costs to lower in the