Q:

# What did things cost in 1914?

A:

The price of a Dodge Brothers Touring Car in 1914 was \$500, and in 2014, the average price of buying an automobile is \$32,086. Many other prices are exceedingly different in 2014 as compared to a century ago. In 1914, a gallon of gas was roughly 12 cents, and in 2014, the average cost of a gallon of gas is \$3.44.

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Inflation over the past 100 years also affects prices. For example, a movie ticket in 1914 was 7 cents, and in 2014, the average price of a movie ticket was \$7.92. With an inflation adjustment, the cost of a movie ticket in 1914 would be \$1.67. That is still a \$6.25 difference and increase in price. Comparatively, an ounce of gold carried a price tag of \$20.72 in 1914, and as of 2014, an ounce of gold was roughly \$1,474.03. With an inflation adjustment, the price of gold in 1914 would be \$493.33.

Other cost comparisons include the price of housing. In 1914, the average price to buy a home was approximately \$3,500. The average cost of a new home in 2014 was approximately \$317,500. A gallon of milk in 1914 was roughly 12 cents, and in 2013, it cost approximately \$3.50. Lastly, a loaf of bread in 1914 was 6 cents, and in 2014, it cost roughly \$2.39.

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## Related Questions

• A:

In 1939, the cost to purchase a house in the United States was between \$3,800 and \$6,400. Renting a house cost approximately \$28 per month.

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In 1956, there was a spike in the living standards of the average American, and because of that, a 1.52 percent annual inflation rate lead to a slight increase in the cost of commodities. The average yearly American salary was \$4,450. Also, one in every three American pursued an undergraduate education, leading to a rise in the country's income.

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The advent of the automobile in the 1920s had an incredible impact on nearly every facet of American life. The growth of the automobile industry led to a number of important developments in the economic sphere, with many different industrial spin-offs. The invention of the automobile also led to a number of different changes in American life in terms of social structures and freedoms.