When James Hargreaves invented the spinning jenny in 1764, it sold for 70 British shillings. In 2014 this has the same purchasing power as around $924.
Hargreaves' daughter Jenny helped to inspire the machine when she knocked over a spinning wheel and Hargreaves noticed the spindle continued to twirl. Originally, textile workers could twist yarn onto only one spindle at a time; the spinning jenny allowed one worker to operate multiple spindles simultaneously. This development increased textile production by up to a factor of ten. Hargreaves is credited with helping to spark the industrial revolution in England because his invention enabled the creation of textile mills that encouraged workers to move to centralized cities.Learn More
The cost to ride on the Titanic varied depending on the type of ticket, but first-class tickets were $2,500 and third-class tickets were $40. In modern currency, these prices would be $103,000 and $900, respectively.Full Answer >
Pet-quality Bulldog puppies sold for around $2,000 each in 2013. Hedrick's English Bulldogs explains that this high price is necessary because of the unusually high costs associated with breeding Bulldogs.Full Answer >
Winston Churchill owned brown miniature poodles. These poodles were named Rufus and Rufus II, but Churchill insisted that "the II is silent" in the second poodle's name.Full Answer >
More than 1500 people lost their lives with the sinking of the Titanic on April 15, 1912. The Titanic was believed to be unsinkable, and it was not equipped with enough lifeboats for all passengers and crew.Full Answer >