While costs in 1952 would have varied depending on location, the average cost of a home was $9,050, a gallon of gas was 20 cents, the average price of a new car was $1,700, the average rent per month was $80 and a pound of hamburger cost about 53 cents. The People History offers these average costs for these mainstream items in USD.Know More
The People History states that the average wage in 1952 was $3,400. By 1952, about three in five houses owned a car, two in three owned a telephone and one in three owned a television. Multpl.com notes that the Gross Domestic Product for the United States in December 1952 was $2.53 trillion compared to $15.99 trillion in June 2014.
There were a few major inventions during the year 1952, including the microwave oven. According to Baby Boomers, the first microwave oven was about the size of a refrigerator and cost over $1,200.00. Other inventions included the polio vaccine and the first contraceptive pill. The People History records the development of the world's first passenger jet, The Comet, as well as the first hydrogen bomb, code named "Mike". A smaller invention in 1952 was the installation of the first "Don't Walk" sign in New York City.Learn More
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.Full Answer >
The cost of jeans was approximately $2.49 in 1950, which is considerably less then what people spend today. Jeans were originally designed for miners and farmers, but by the 1950s, they were becoming increasingly popular among teenagers.Full Answer >
The average cost to build a bungalow varies widely depending on location and materials. Costs can run well below $100,000 or exceed $800,000. Bungalows tend to have a higher cost per square foot, because they use high end materials and have many unique features.Full Answer >
According to the Federal Reserve Bank of Minneapolis, $1 in 1900 was equivalent to approximately $28 in 2013. The average yearly wage was $432, and a steam-powered car cost $1,000. The average home in America sold for approximately $5,000 in 1900.Full Answer >