Inflation- 1920’s: The 1920’s, also known as the “Roaring 20’s,” as the economy was recovering from high inflation and the impact post World War I. Inflation was in a deflationary stage, meaning the dollar was gaining strength.
Inflation- 2015: $1.00 in 1920 has the same buying power as $11.74 in 2015.
Prices- 2015: During the 1920’s the prices were very different from where they are at today. In 1920 a loaf of bread costs 12 cents, and today a loaf of bread would cost $1.98.
Salaries- The average per person income in 1929 was $750
The average per person salary today is, $52,250
Inflation- 2015: $1.00 in 1920 has the same buying power as $11.74 in 2015.
Prices- 2015: During the 1920’s the prices were very different from where they are at today. In 1920 a loaf of bread costs 12 cents, and today a loaf of bread would cost $1.98.
Salaries- The average per person income in 1929 was $750
The average per person salary today is, $52,250