Q:

What did things cost in 1929?

A:

In 1929, a loaf of bread cost 10 cents, insurance was $7 per month, eggs were 45 cents per dozen, two blocks of salt cost $1.80, and two new tubs cost $1.25. These prices varied, depending on the state.

After the stock market crashed, the new prices would reflect the rise of the "Great Depression" of 1929. The stock market had failed, people lost their homes, jobs, savings, investments and businesses and many committed suicide. The price of a movie ticket before the inflation was 35 cents, the inflation-adjusted price was $4.86. An ounce of gold cost $20.63 before the inflation-adjusted price; after, the inflation price was $286.53.

Sources:

  1. telusplanet.net

Is this answer helpful?

Similar Questions

  • Q:

    How much did things cost in 1924 ?

    A:

    Prices in the 1920s were significantly less than they are today. Although data for 1924 is sparse, in 1925 shoppers paid 47 cents for a pound of bacon, 9 cents for a pound of bread, 55 cents for a pound of butter and 52 cents for a pound of coffee. For the most part, food prices were consistent between 1920 and 1929.

    Full Answer >
    Filed Under:
  • Q:

    What is the average price of a dozen eggs?

    A:

    As of 2014, the standard price for non-organic eggs being sold in a supermarket in the United States is $2 per dozen. This may vary slightly by state, but as of this date, it is considered the average rate.

    Full Answer >
    Filed Under:
  • Q:

    What is a constant-cost industry?

    A:

    According to Business Dictionary, a constant-cost industry is an industry in which the ratio of units produced to the production cost per unit is constant, even when demand increases. This industry also keeps input prices the same.

    Full Answer >
    Filed Under:
  • Q:

    What is the opportunity cost formula?

    A:

    The opportunity cost formula is a simple solution to answer the age old question of whether a particular course of action is worth starting. Opportunity cost is the total sum of what a person or organization has after they compare that sum to what they sacrifice. Opportunity cost is all about the profit a person or organization associates with missed or lost opportunities.

    Full Answer >
    Filed Under:

Explore