For the most part, things cost significantly less in 1954 than they do in the 21st century. Many common household items were less than $1. A loaf of bread cost about 17 cents, and 1 pound of cheese cost between 50 cents and 70 cents, depending on the type.Know More
Purchasing a postage stamp only required 3 cents, and steak for one person cost about 95 cents. A movie ticket was approximately 70 cents, and 1 gallon of gas was only 22 cents.
Not everything was significantly less expensive in 1954 than contemporary times, however. A gallon of milk cost about 91 cents, which is only about $1.25 less than the average price of 1 gallon of milk in 2014. A new washing machine cost about $155 in 1954, which is only about $100 less than a basic top-loading model costs today.
A person could purchase a new house for less than $20,000 in 1954, and for less than $2,000, he could put a new car in the driveway. A new, fashionable dress could be purchased for around $15. It's also important to consider that the average annual salary during this era was less than $4,000. Adjusted for inflation, that would be the equivalent of about $35,000 per year in 2014.Learn More
A one troy ounce silver trade unit is a privately minted silver piece equal in weight to approximately 1.1 ounces, the equivalent of measurement used in precious metal trade to determine the weight. A silver trade unit should be composed of 99.999 percent silver to be considered fine silver.Full Answer >
There are eight denominations of euro coins. The largest are the €1 and €2 coins, followed by 50, 20, 10, 5, 2 and 1 cent coins. One side of each coin depicts its value while the other carries a unique design from the issuing country.Full Answer >
In U.S. currency, one million pennies are worth 10,000 dollars. A penny is worth one cent, and one cent is 1/100 of a dollar. In other words, a dollar is equal to 100 pennies, so one million pennies divided by 100 provides the worth in dollars.Full Answer >
The U.S. Mint produced the Eisenhower silver dollar, created in honor of President Dwight D. Eisenhower, from 1971 to 1978. The coin is made of 75-percent copper and 25-percent nickel, although a collector's version of the coin contains 60-percent copper and 40-percent silver.Full Answer >