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Art_from_Ark

(27,247 posts)

3. OK, 1000 grams in gold in 1900

Reply to Johnny Rico (Original post)

Tue Mar 6, 2012, 03:38 AM

Mar 2012

Last edited Wed Mar 7, 2012, 01:50 AM - Edit history (1)

would be approximately $667 in 1900 dollars. For comparison, an O'Henry story (The Trimmed Lamp) from around that time talks about the wages of two young women who were employed in different jobs. One (Nancy) was making $8/week as a "shop-girl", the other (Lou) was making $18.50/week as a piece-work ironer at a hand laundry (where the lowest wage was $10/week). So the tuition (1 year? 4 years?) would be more than 1 year's wages for Nancy, and somewhat less than 1 year's wages for Lou.

At any rate, today, that same 1000 grams of gold used to pay Yale tuition in 1900 would be worth around $55,000.

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Highlight:

How Much Gold Do You Need to Pay Yale's Tuition? The Same as in 1900. [View all] Johnny Rico Mar 2012 OP

one of my favorite ancestors was in the class of 1748. grasswire Mar 2012 #1

"I can't decide if this fact is meaningless or engrossing" ellisonz Mar 2012 #2

OK, 1000 grams in gold in 1900 Art_from_Ark Mar 2012 #3