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.Know More
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.Learn more about US History
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.Full Answer >
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.Full Answer >
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.Full Answer >
As of 2014, the average price per pound for a butchered whole hog ranges from $2.30 to $3.50 per pound. The cost for purchasing half of a hog is around $4 per pound.Full Answer >