| $22.50 | using the Consumer Price Index | |
| $20.50 | using the GDP deflator | |
| $131.00 | using the unskilled wage | |
| $232.00 | using the Production Worker Compensation | |
| $211.00 | using the nominal GDP per capita | |
| $1,200.00 | using the relative share of GDP | |
Data for consumer bundle only starts in 1900. http://www.measuringworth.com/uscompare/relativevalue.php | ||
- Slavery in the United States was an institution that had a large impact on the economic, political and social fabric of the country. The average price of a slave in 1860 was $800 and the economic magnitude of that price in today's values ranges from $19,000 to $336,000, depending on the index used.
In that year, there were an estimated four million slaves living in the South and it is estimated that their aggregate market value was over $3 billion then. That corresponds to $10 trillion today (as a share of GDP).
- The Civil War was one of the most devastating events in the history of the United States. It lasted from 1861 to 1865 and has been estimated to have a direct cost of about $6.7 billion valued in 1860 dollars. If this number were evaluated in dollars of today using the GDP deflator it would be $160 billion, less than one-fourth of the current Department of Defense budget. This would be inappropriate, as would be using the wage or income indexes. The only measure that makes sense for an expenditure of this size is to use the share of GDP, as the war impacted the output of the entire country. Thus the relative value of $6.7 billion of 1860 would be $32.7 trillion today, or over 150% of our current GDP.
The $6.7 billion does not take into account that the war disrupted the economy and had an impact of lower production into the future. Some economic historians have estimated this additional, or indirect cost, to be another $7.3 billion measured in 1860 dollars. This means the cost of the war (as a share of the output of the economy) was nearly $68 trillion as measured in current dollars.
| Year | British Official Price (British pounds per fine ounce end of year) | U.S. Official Price (U.S. dollars per fine ounce end of year) | New York Market Price (U.S. dollars per fine ounce) | Gold/Silver Price Ratio (ounces of silver per ounce of gold) | London Market Price (British £ [1718-1949] or U.S. $ [1950-Present] per fine ounce) |
| 1863 | 4.25 | 20.67 | 30.02 | 15.37 | £ 4.24 |
| 1864 | 4.25 | 20.67 | 42.03 | 15.37 | £ 4.24 |
| 1865 | 4.25 | 20.67 | 32.52 | 15.44 | £ 4.24 |
| 1866 | 4.25 | 20.67 | 29.13 | 15.43 | £ 4.24 |
| 1867 | 4.25 | 20.67 | 28.57 | 15.57 | £ 4.24 |
| 1868 | 4.25 | 20.67 | 28.88 | 15.59 | £ 4.24 |
| 1869 | 4.25 | 20.67 | 27.49 | 15.60 | £ 4.24 |
| 1870 | 4.25 | 20.67 | 23.75 | 15.57 | £ 4.24 |
| 1871 | 4.25 | 20.67 | 23.09 | 15.57 | £ 4.24 |
| 1872 | 4.25 | 20.67 | 23.24 | 15.63 | £ 4.24 |
| 1873 | 4.25 | 20.67 | 23.52 | 15.93 | £ 4.24 |
| 1874 | 4.25 | 20.67 | 22.99 | 16.16 | £ 4.24 |
| 1875 | 4.25 | 20.67 | 23.75 | 16.64 | £ 4.24 |
| 1876 | 4.25 | 20.67 | 23.05 | 17.75 | £ 4.24 |
| 1877 | 4.25 | 20.67 | 21.66 | 17.20 | £ 4.24 |
| 1878 | 4.25 | 20.67 | 20.84 | 17.92 | £ 4.24 |
| 1879 | 4.25 | 20.67 | 20.67 | 18.39 | £ 4.24 |
| 1880 | 4.25 | 20.67 | 20.67 | 18.05 | £ 4.24 |
| 1881 | 4.25 | 20.67 | 20.67 | 18.25 | £ 4.24 |
| 1882 | 4.25 | 20.67 | 20.67 | 18.20 | £ 4.24 |
| 1883 | 4.25 | 20.67 | 20.67 | 18.64 | £ 4.24 |
| 1884 | 4.25 | 20.67 | 20.67 | 18.61 | £ 4.24 |
| 1885 | 4.25 | 20.67 | 20.67 | 19.41 | £ 4.24 |
| 1886 | 4.25 | 20.67 | 20.67 | 20.78 | £ 4.24 |
| 1887 | 4.25 | 20.67 | 20.67 | 21.10 | £ 4.24 |
| 1888 | 4.25 | 20.67 | 20.67 | 22.00 | £ 4.24 |
| 1889 | 4.25 | 20.67 | 20.67 | 22.10 | £ 4.24 |
| 1890 | 4.25 | 20.67 | 20.67 | 19.75 | £ 4.24 |
| 1891 | 4.25 | 20.67 | 20.67 | 20.92 | £ 4.25 |
| 1892 | 4.25 | 20.67 | 20.67 | 23.72 | £ 4.25 |
| 1893 | 4.25 | 20.67 | 20.67 | 26.49 | £ 4.25 |
| 1894 | 4.25 | 20.67 | 20.67 | 32.56 | £ 4.24 |
| 1895 | 4.25 | 20.67 | 20.67 | 31.60 | £ 4.24 |
| 1896 | 4.25 | 20.67 | 20.67 | 30.59 | £ 4.25 |
| 1897 | 4.25 | 20.67 | 20.67 | 34.20 | £ 4.25 |
| 1898 | 4.25 | 20.67 | 20.67 | 35.03 | £ 4.25 |
| 1899 | 4.25 | 20.67 | 20.67 | 34.36 | £ 4.24 |
| 1900 | 4.25 | 20.67 | 20.67 | 33.33 | £ 4.25 |
| 1901 | 4.25 | 20.67 | 20.67 | 34.68 | £ 4.25 |
| 1902 | 4.25 | 20.67 | 20.67 | 39.15 | £ 4.24 |
| 1903 | 4.25 | 20.67 | 20.67 | 38.10 | £ 4.25 |
| 1904 | 4.25 | 20.67 | 20.67 | 35.70 | £ 4.25 |
| 1905 | 4.25 | 20.67 | 20.67 | 33.87 | £ 4.24 |
| 1906 | 4.25 | 20.67 | 20.67 | 30.54 | £ 4.25 |
| 1907 | 4.25 | 20.67 | 20.67 | 31.24 | £ 4.25 |
| 1908 | 4.25 | 20.67 | 20.67 | 38.64 | £ 4.25 |
| 1909 | 4.25 | 20.67 | 20.67 | 39.74 | £ 4.24 |
| 1910 | 4.25 | 20.67 | 20.67 | 38.22 | £ 4.24 |
| 1911 | 4.25 | 20.67 | 20.67 | 38.33 | £ 4.24 |
| 1912 | 4.25 | 20.67 | 20.67 | 33.62 | £ 4.24 |
| 1913 | 4.25 | 20.67 | 20.67 | 34.19 | £ 4.24 |
| 1914 | 4.25 | 20.67 | 20.67 | 37.37 | £ 4.24 |
| 1915 | 4.25 | 20.67 | 20.67 | 40.48 | £ 4.24 |
| 1916 | 4.25 | 20.67 | 20.67 | 30.78 | £ 4.24 |
| 1917 | 4.25 | 20.67 | 20.67 | 24.61 | £ 4.24 |
| 1918 | 4.25 | 20.67 | 20.67 | 21.00 | £ 4.24 |
| 1919 | 4.25 | 20.67 | 20.67 | 18.44 | £ 4.50 |
| 1920 | 4.25 | 20.67 | 20.67 | 20.28 | £ 5.65 |
| 1921 | 4.25 | 20.67 | 20.67 | 32.76 | £ 5.35 |
| 1922 | 4.25 | 20.67 | 20.67 | 30.43 | £ 4.67 |
| 1923 | 4.25 | 20.67 | 20.67 | 31.69 | £ 4.51 |
| 1924 | 4.25 | 20.67 | 20.67 | 30.80 | £ 4.69 |
| 1925 | 4.25 | 20.67 | 20.67 | 29.78 | £ 4.27 |
| 1926 | 4.25 | 20.67 | 20.67 | 33.11 | £ 4.25 |
| 1927 | 4.25 | 20.67 | 20.67 | 36.47 | £ 4.25 |
| 1928 | 4.25 | 20.67 | 20.67 | 35.34 | £ 4.25 |
| 1929 | 4.25 | 20.67 | 20.67 | 38.78 | £ 4.25 |
| 1930 | 4.25 | 20.67 | 20.67 | 53.74 | £ 4.25 |
| 1931 | 4.25 | 20.67 | 20.67 | 71.25 | £ 4.63 |
| 1932 | 4.25 | 20.67 | 20.67 | 73.29 | £ 5.90 |
| 1933 | 4.25 | 20.67 | 24.44 | 69.83 | £ 6.24 |
| 1934 | 4.25 | 35.00 | 34.94 | 72.36 | £ 6.88 |
| 1935 | 4.25 | 35.00 | 35.00 | 54.19 | £ 7.11 |
| 1936 | 4.25 | 35.00 | 35.00 | 77.09 | £ 7.01 |
| 1937 | 4.25 | 35.00 | 35.00 | 77.44 | £ 7.04 |
| 1938 | 4.25 | 35.00 | 35.00 | 80.39 | £ 7.13 |
| 1939 | 4.25 | 35.00 | 35.00 | 88.84 | £ 7.72 |
| 1940 | 4.25 | 35.00 | 35.00 | 99.76 | £ 8.40 |
| 1941 | 4.25 | 35.00 | 35.00 | 99.73 | £ 8.40 |
| 1942 | 4.25 | 35.00 | 35.00 | 90.57 | £ 8.40 |
| 1943 | 4.25 | 35.00 | 35.00 | 77.67 | £ 8.40 |
| 1944 | 4.25 | 35.00 | 35.00 | 77.67 | £ 8.40 |
| 1945 | 4.25 | 35.00 | 35.00 | 67.40 | £ 8.40 |
| 1946 | 35.00 | 35.00 | 43.67 | £ 8.40 | |
| 1947 | 35.00 | 35.00 | 48.73 | £ 8.40 | |
| 1948 | 35.00 | 35.00 | 47.07 | £ 8.40 | |
| 1949 | 35.00 | 35.00 | 48.61 | £ 8.40 | |
| 1950 | 35.00 | 35.00 | 47.14 | $ 34.71 | |
| 1951 | 35.00 | 35.00 | 39.12 | $ 34.71 | |
| 1952 | 35.00 | 35.00 | 41.16 | $ 34.71 | |
| 1953 | 35.00 | 35.00 | 41.04 | $ 34.71 | |
| 1954 | 35.00 | 35.00 | 41.01 | $ 34.96 | |
| 1955 | 35.00 | 35.00 | 39.24 | $ 35.01 | |
| 1956 | 35.00 | 35.00 | 38.50 | $ 35.00 | |
| 1957 | 35.00 | 35.00 | 38.50 | $ 34.95 | |
| 1958 | 35.00 | 35.00 | 39.27 | $ 35.10 | |
| 1959 | 35.00 | 35.00 | 38.34 | $ 35.09 | |
| 1960 | 35.00 | 35.00 | 38.27 | $ 35.28 | |
| 1961 | 35.00 | 35.00 | 37.82 | $ 35.15 | |
| 1962 | 35.00 | 35.00 | 32.22 | $ 35.10 | |
| 1963 | 35.00 | 35.00 | 27.34 | $ 35.09 | |
| 1964 | 35.00 | 35.00 | 27.04 | $ 35.09 | |
| 1965 | 35.00 | 35.00 | 27.04 | $ 35.13 | |
| 1966 | 35.00 | 35.00 | 27.04 | $ 35.17 | |
| 1967 | 35.00 | 35.00 | 22.56 | $ 35.19 | |
| 1968 | 35.00 | 39.26 | 18.29 | $ 38.69 | |
| 1969 | 35.00 | 41.51 | 23.16 | $ 41.09 | |
| 1970 | 35.00 | 36.41 | 20.54 | $ 35.94 | |
| 1971 | 35.00 | 41.25 | 26.66 | $ 40.80 | |
| 1972 | 38.00 | 58.60 | 34.75 | $ 58.16 | |
| 1973 | 42.22 | 97.81 | 38.21 | $ 97.32 | |
| 1974 | 42.22 | 159.74 | 33.90 | $ 159.26 | |
| 1975 | 42.22 | 161.49 | 36.51 | $ 161.02 | |
| 1976 | 42.22 | 125.32 | 28.76 | $ 124.84 | |
| 1977 | 42.22 | 148.31 | 32.05 | $ 147.71 | |
| 1978 | 42.22 | 193.55 | 35.80 | $ 193.22 | |
| 1979 | 42.22 | 307.50 | 27.69 | $ 306.68 | |
| 1980 | 42.22 | 612.56 | 29.66 | $ 612.56 | |
| 1981 | 42.22 | 459.64 | 43.65 | $ 460.03 | |
| 1982 | 42.22 | 375.91 | 47.24 | $ 375.67 | |
| 1983 | 42.22 | 424.00 | 37.03 | $ 424.35 | |
| 1984 | 42.22 | 360.66 | 44.26 | $ 360.48 | |
| 1985 | 42.22 | 317.66 | 51.68 | $ 317.28 | |
| 1986 | 42.22 | 368.24 | 67.25 | $ 367.51 | |
| 1987 | 42.22 | 447.95 | 63.84 | $ 446.47 | |
| 1988 | 42.22 | 438.31 | 66.95 | $ 437.05 | |
| 1989 | 42.22 | 382.58 | 69.49 | $ 381.43 | |
| 1990 | 42.22 | 384.93 | 79.78 | $ 383.47 | |
| 1991 | 42.22 | 363.29 | 89.83 | $ 362.18 | |
| 1992 | 42.22 | 344.97 | 87.47 | $ 343.73 | |
| 1993 | 42.22 | 360.91 | 83.85 | $ 359.77 | |
| 1994 | 42.22 | 385.42 | 72.79 | $ 384.01 | |
| 1995 | 42.22 | 385.50 | 74.78 | $ 384.16 | |
| 1996 | 42.22 | 389.09 | 74.89 | $ 387.69 | |
| 1997 | 42.22 | 332.39 | 67.91 | $ 331.10 | |
| 1998 | 42.22 | 295.24 | 53.24 | $ 294.16 | |
| 1999 | 42.22 | 279.91 | 53.26 | $ 278.64 | |
| 2000 | 42.22 | 280.10 | 55.96 | $ 279.03 | |
| 2001 | 42.22 | 272.22 | 61.95 | $ 271.04 | |
| 2002 | 42.22 | 311.33 | 67.32 | $ 309.68 | |
| 2003 | 42.22 | 364.80 | 74.22 | $ 363.32 | |
| 2004 | 42.22 | 410.52 | 61.30 | $ 409.17 | |
| 2005 | 42.22 | 446.00 | 60.70 | $ 444.45 | |
| 2006 | 42.22 | 606.00 | 52.20 | $ 603.77 | |
| 2007 | 42.22 | 699.00 | 51.91 | $ 695.39 | |
| 2008 | 42.22 | 874.00 | 58.17 | $ 871.96 | |
| 2009 | 42.22 | 975.00 | 66.27 | $ 972.35 | |
| 2010 | 42.22 | 1,227.00 | 60.64 | $ 1,224.53 | |
| 2011 | 42.22 | 1,572.00 | 44.75 | $ 1,571.52 | |
| 2012 | 42.22 | 1,700.00 | 53.58 | $ 1,668.98 | |
| 2013 | 42.22 | 1,415.00 | 59.31 | $ 1,411.23 | |
| 2014 | 42.22 | 1,269.00 | 66.38 | $ 1,266.40 | |
| 2015 | 42.22 | 1,163.00 | 73.98 | $ 1,160.06 | |
| 2016 | 42.22 | 1,252.00 | 72.96 | $ 1,250.74 | |
| 2017 | 42.22 | 1,260.00 | 73.76 | $ 1,257.12 | |
| 2018 | 42.22 | 1,270.00 | 80.77 | $ 1,268.49 | |
| 2019 | 42.22 | 1,390.00 | 85.92 | $ 1,392.60 | |
| 2020 | 42.22 | 1,770.00 | 86.14 | $ 1,769.64 | |
Note: British official price is only available till 1945. | |||||



