What was the average wage in the 1700s?

What was the average wage in the 1700s?

FOR TWO CENTURIES, from the 1700s until World War I, the average wage for one day’s unskilled labor in America was one dollar. At the 2009 minimum wage, $7.25 per hour x 8 hours, that’s $58. We’ll round that down to $50 after taxes, take-home pay.

What was the average income in 1790?

The historian John Bach McMaster suggested that in the 1790s, “The average rate of wages the land over was… $65 a year, with food and perhaps lodging.” Source: A History of the People of the United States, vol. 2, p.

How much did things cost in the 1800s?

For those who had to purchase their food one record notes the following retail prices in 1818 in Washington D.C.: beef cost 6 to 8 cents a pound potatoes cost 56 cents a bushel milk was 32 cents a gallon tea 75 cents to $2.25 a pound. Shoes ran $2.50 a pair.

How much did fabric cost in the 1800s?

A yard of fabric cost about 10 cents; it took around five yards to make a “day dress.” A cord of firewood, still the primary method of heating a home, cost around $7.

How much did a house cost in 1776?

a new house cost $8 450.00. the average income per year was $3 210.00. a gallon of gas was 18 cents. the average cost of new car was $1 510.00.

How much was a lot of money in the 1700s?

$1 in 1700 is worth $72.27 today $1 in 1700 is equivalent in purchasing power to about $72.27 today, an increase of $71.27 over 322 years. The dollar had an average inflation rate of 1.34% per year between 1700 and today, producing a cumulative price increase of 7,127.10%.

How much did a horse cost in colonial times?

On this record, Wayne County Probate file #67, from 1807 one finds: One bay horse $30; one grey horse $45; one bay mare $45; one sorrel ditto $45; One bay mare $45; one colt $10.

How much was an acre of land in 1860?

How much was an acre of land in 1860? The latest census showed that the United States had 31 million people 77 of whom were killed that year in the country’s first factory disaster. Land was selling for $3 to $5 an acre and a laborer’s wage without board was 90 cents a day.

What was the minimum wage in 1890?

Laborers’ Average Hourly Rate of Wages, Weighted for United States (A08139USA052NNBR) Download

1891: 0.1379
1890: 0.1370
1889: 0.1383
1888: 0.1382
1887: 0.1330

What would a dollar in 1700 be worth today?

How long did it take to travel by horse in the 1700s?

18th-century travel time Over land, the trip would take 10-14 days.

How much was a house in 1776?

How much did a loaf of bread cost in 1880?

7 cents
a loaf of bread: 7 cents. a dozen eggs: 34 cents. a quart of milk: 9 cents. a pound of steak: 26 cents.

What was a good wage in 1880?

Averages. If you worked in manufacturing (as many did during this period of mechanization), you could have expected to make approximately $1.34 a day in 1880, which adds up to $345 annually for an average 257 days of work in a given year.

What was the average farm size in 1860?

4. Average Size of Farms, “Disintegration of Capitalism” in the South

Average acreage per farm in the U.S.A.
Years All farmland Improved land
1850 1860 202.6 199.2 78.0 79.8
1870 1880 1890 1900 1910 153.3 133.7 136.5 146.2 138.1 71.0 71.0 78.3 72.2 75.2

How much did an acre of land cost in 1930?

between $30 and $33 per acre
Agricultural land values dropped 37 percent over a period of 3 years and remained between $30 and $33 per acre throughout the 1930’s. Following the Great Depression, land values were revitalized and began a climb that continued until the early 1980’s.