Of course we can see the dollar devaluation of 1933, and the resumption of the dollar gold standard at $35/oz. Compares to national averages. from 1934. of Agriculture report. Traditional City/Post-Heroic Materialism Archive, Foreign Exchange Rates, 1913-1941: Just Looking At the Data, April 15, 2012: Foreign Exchange Rates 1914-1941, September 30, 2012: Currency Devaluations of the 1930s, December 23, 2012: The Federal Reserve in the 1920s 4: The Historical Record, December 16, 2012: The Federal Reserve in the 1920s 3: Balance Sheet and Base Money, November 18, 2012: The Federal Reserve in the 1920s, Book Notes: Less Than Zero, by George Selgin. Source: BLS. The second portion of this table looks at the income of men and women in various occupation groups. The inflation rate in 1930 was -2.34%. Shows weekly waged paid to truck drivers of different weight classes and experience and their subsistence allowance. The value is stabilized (by Brazilian standards) in the early 1920s and linked to gold in December 1926. Source: Study covered 13 small cities, focusing on cost of living, expenditure patterns, expenditures for specific goods. COST OF LIVING / CONSUMER EXPENDITURES According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time: This conversion table shows various other 1930 amounts in today's dollars, based on the 1,691.44% change in prices: Inflation can vary widely by city, even within the United States. Obviously, we begin in the middle of World War I, when most all currencies in the world were floating. People also asked. Its fractional unit is Penny, 1 GBP = 100 Penny (s). Sponsored. The US dollar was worth 3 in 1947 not 1, [1] and 69.9 in 2018. To help put this inflation into perspective, if we had invested $1 in the S&P 500 index in 1930, our investment would be nominally worth approximately $5,746.56 in 2023. Pages 155-169 details the state of wages throughout Belgium in the early stages of the Great Depression. 284-288of, Entertainers' earnings- The 1938 edition of, Farm wage rates by geographical division, 1935-1939, Manufacturing wages - SEE box below(scroll down this page), Metals and machine trades, pp. Its name derives from the Latin word "poundus" meaning "weight". Here's how some cities fared in 1930 to 2023 (figures shown are purchasing power equivalents of $1): San Francisco, California experienced the highest rate of inflation during the 93 years between 1930 and 2023 (3.43%). In 1938 Fritz earned 6000 Marks, what would his equivalent salary be today? Bulletin of the United States Bureau of Labor Statistics (BLS), No. 5. became 7.52 1 2 p. Amounts with a number of old pence which was not 0 or 6 did not convert into a round number of new pence. This chart shows a calculation of buying power equivalence for 100 in 1930 (price index tracking began in 1750). In October 1926, the franc was retired and replaced with the gold-linked Belgian belga. Shows average salary for instructional staff in schools by race in the states of AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, MO, NC, OK, SC, TN, YX, VA, WV. Includes Dec. 1936 - Mar. Source: The Central Bank of the Russian Federation (CBR) Isnt that interesting? Its GBP/USD forecast for 2025 was for the rate to maintain at $1.13 by the end of the year. 669-673. December 16, 2012: The Federal Reserve in the 1920s 3: Balance Sheet and Base Money Special thanks to QuickChart for their chart image API, which is used for chart downloads. Source: U.S. Firemen - Salaries, late 1930s (link to library item), Gasoline filling stations and motor-vehicle repair garages - 1931, Government workers, federal - Pay scales, 1930-1949, Household worker wages - Philadelphia, 1928, Iron and steel industry wages and hours, 1907-1931, Lumber industry job wages and hours, 1921-1932, Newspaper industry - Editorial staff salaries, 1930-1934, Physicians, non-salaried - Average income, 1929-1949, Police salaries, late 1930s (link to library item), Politicians - State governor salaries, 1935, Deep-sea ship transportation occupations, wage structure - 1935, Slaughtering and meat-packing industry - Wages and hours, 1931, Median household income by race in southeast Missouri, 1935, Prices for name brand, packaged grocery items, 1930-1931, College expenses by field of study, 1930-1934, Clothing and household goods prices, 1937-1938, Movie admission prices in Central America and the Caribbean, 1931, https://libraryguides.missouri.edu/pricesandwages, Starting wages for common laborers, 1931-1934, Starting wages for common laborers employed by cities, 1935, Common labor - Average starting wage by race, 1936, Median weekly earnings for Negro males by occupation, 1930, Median weekly wage for Negro men by occupation, 1936, Common labor - Average starting pay by race and state, 1936, Wages of Negroes in the District of Columbia, 1931, Teacher salaries by state and race, 1939-1940, School salaries by state and race, 1935-1936, Teacher wages by race in AL, MD and NC - 1930s, Black women - Earnings by occupation, 1938, Urban Negro workers' earnings by sex and skill level, 1930, Urban Negro workers' earnings by sex and skill level, 1936, Household workers' wages by race - Chicago, 1930, Wage and salary income by race and sex, 1939, Automobile and vehicle industry workers, including garagemen, Captains, masters, mates, pilots, and engineers, Maintenance-of-way employees: Gang foremen, Maintenance-of-way employees: Assistant gang foremen, Maintenance-of-way employees: Iron workers, Maintenance-of-way employees: Masons, bricklayers, and plasterers, Maintenance-of-way employees: Section laborers, Maintenance-of-way employees: Crossing and bridge flagmen and gatemen, 3,500 occupations - Wages and job descriptions, Service occupations - Average earnings by type of business in 1934, Farm workers' wages and income - 1909 to 1938, Union wages for construction workers,1936-1961, Construction - Wages and hours, mid 1930s, Government jobs - Salaries by occupation - 1938, Government -Congressional salaries, 1789-present, Hotel employee minimum wages, Nov 1933-1935, Medical personnel - Income of physicians, dentists and [other health workers], 1939-1976, Stationary engineers, firemen, oilers, etc, School employees - Median salaries, 1930-1943, Automobile accessory and parts store owner's salary, Street-railway employees - Union wages, 1937 and 1938, Motormen and conductors, street railways, and bus drivers, Truck drivers - Union wages and hours, 1939, Bakery workers - Wages by city and state, 1931, Bakeries - Union wages, hours and working conditions, 1939, Bread-baking industry - Wages, hours and working conditions, 1934, Boot and shoe industry workers' wages, 1910 to 1930, Clothing manufacture (men's) - Wages and hours, 1911-1932, Hat manufacturing industries, earnings and hours - 1939, Hosiery and underwear manufacturing - Wages and hours, 1907-1932, Shoe and allied industries - Wages and hours, 1939, Rayon and synthetic yarn manufacturing, 1930, Rayon and synthetic yarn manufacturing, 1932, Silk and rayon goods manufacture - Wages and hours, 1931, Textiles, dyeing and finishing - Wages and hours, 1930 and 1932, Woolen and worsted goods manufacturing, 1910 to 1932, Leather Industries, earnings and hours - 1939, Leather glove industry, hours and earnings -1934, Furniture manufacture - Wages and hours, 1910-1931, Furniture manufacturing industry - Wages and hours, 1937, Ammunition industry - Average hourly earnings, 1937, Explosives manufacture, earnings and hours - 1937, Cigarette manufacturing - Wages and hours, 1930, Drugs and toiletries manufacturing - Wages and hours, 1938, Paper box manufacturing - Wages and hours, 1933-1935, Radio manufacturing, hourly earnings - 1937, Manufacturing - Average weekly earnings, 1919-1960, Manufacturing - Average hours and wages, 1929-1936, Women's wages compared to men in same occupations, Median income by sex and industry, 1939-1953, Service occupations - Average annual earnings by state in 1934, Construction wages in Alabama by county and town, 1938, Construction wages in Arkansas by county and town, 1938, Construction wages in Arizona by county and town, 1938, Construction wages in California by county and town, 1938, Construction wages in Colorado by county and town, 1938, Construction wages in Conneticut by county and town, 1938, Construction wages in District of Columbia by county and town, 1938, Motion-picture theater jobs wages in Washington DC, 1931, Construction wages in Delaware by county and town, 1938, Construction wages in Florida by county and town, 1938, Construction wages in Georgia by county and town, 1938, Construction wages in Iowa by county and town, 1938, Construction wages in Idaho by county and town, 1938, Construction wages in Illinois by county and town, 1938, Construction wages in Indiana by county and town, 1938, Construction wages in Kansas by county and town, 1938, Construction wages in Kentucky by county and town, 1938, Construction wages in Louisiana by county and town, 1938, Construction wages in Massachusetts by county and town, 1938, Construction wages in Maryland by county and town, 1938, Construction wages in Maine by county and town, 1938, Construction wages in Michigan by county and town, 1938, Construction wages in Minnesota by county and town, 1938, Missouri work relief projects - Wage rates by county, 1934-1935, Civilian Conservation Corps wages in MO, late 1930s, Construction wages in Missouri by county and town, 1938, Construction wages in Mississippi by county and town, 1938, Construction wages in Montana by county and town, 1938, North Carolina - Average earnings in the principal industries, 1938-1940, Construction Wages in North Carolina by county and town, 1938, Construction wages in Nebraska by county and town, 1938, Construction wages in New Hampshire by county and town, 1938, Construction wages in New Jersey by county and town, 1938, Construction wages in New Mexico by county and town, 1938, Construction wages in Nevada by county and town, 1938, Construction wages in New York by county and town, 1938, Ohio - Average annual wages and salaries by occupation, 1916-1932, Construction wages in Ohio by county and town, 1938, Monthly earnings of full time women workers in Cleveland, Construction wages in Oklahoma by county and town, 1938, Construction wages in Oregon by county and town, 1938, Construction wages in Pennsylvania by county and town, 1938, Household workers' wages by sex - Philadelphia, 1928, Construction wages in Rhode Island by county and town, 1928, Construction wages in South Carolina by county and town, 1938, Construction wages in Tennessee by county and town, 1938, Wages by gender and race - Tennessee, 1935, Construction wages in Texas by county and town, 1938, Construction wages in Utah by county and town, 1938, Monthly earnings of full time women workers in Utah, Construction wages in Virginia by county and town, 1938, Agriculture - Farm labor wages in Vermont, 1780s-1937, Construction wages in Vermont by county and town, 1938, Construction wages in Washington by county and town, 1938, Construction wages in Wisconsin by county and towns, 1938, Construction wages in West Virginia, 1938, Construction wages in Wyoming by county and town, 1938, Minimum wage in Australian cities and provinces, June 1937, Cotton industry wages - Bombay, 1926 and 1933, Wages by industry - British Columbia, 1931, Farm workers' earnings by Canadian province, 1929-1939, Average wages of industrial workers - Denmark, 1938-1939, Wig and toupee makers' wages in France, 1931, Wages and retail prices in France, 1938-47, French wages and wage supplements - 1938, 1946, 1947, General survey of wages in Germany in 1931, Printing trades and lithographic work wages. This article and accompanying table list retail prices of select foodstuffs and clothing in state retail stores for the years of 1936, 1939, and 1940. Currency and Coinage. The GBP/USD rate was down -0.12% in 2023. However, the devaluation of the U.S. dollar in 1933 put competitive trade pressures upon Belgium, which responded with a devaluation in April 1935. How much is a 1930 old world globe worth? The. $1 in 1930 is equivalent in purchasing power to about $17.91 today, an increase of $16.91 over 93 years. Source: BLS. Average hourly earnings. Hourly earnings are given by gender, occupation, and skill level. Note: Between 1910 and 1945, the Korean peninsula was under Japanese occupation and was known as Chosen. Ohio: Cleveland Table 9 and Table 10 Source: BLS. April 15, 2012: Foreign Exchange Rates 1914-1941 Table compares the cost of foods and fuel across 18 countries including Canada. An exchange rate between two currencies fluctuates over time. AED. Annual inflation over this period was 3.11%. This short article describes the Soviet Government process for redistribution of farm products to collective farm workers. For example, the U.S. dollar could be rebased tomorrow so that 1 new dollar was worth 100 old dollars. Tells the average or median pay for African-Americans in a variety of occupations and industries. In 1257, Great Britain set the price for an ounce of gold at 0.89 pounds. Ian Webster is an engineer and data expert based in San Mateo, California. Details the price of various building materials on pp. by RACE Prices in Australia at the beginning and end of the Twentieth Century was published as a feature article in the 2001 . Shows annual and summer earnings data for male and female workers. Shows price for a pack of cigarettes or packaged smoking tobacco. Farm wage rates are broken out by year and geographic location. View GBP / USD Currency Calculator. Income from the west-central/Rocky Mountain region. 6d. The currency symbol is . The current inflation rate page gives more detail on the latest inflation rates. Nevertheless, I get an idea of what was going on during those years that is basically unobtainable from written narratives. See data considerations for explanation. (All of this mirrors France.) Check out the GBP to USD history rates below. Source: Investigation of Concentration of Economic Power, Monograph no. Source: BLS Monthly Labor Review, March 1932, See typical actor's pay listed in the book, Shows the average weekly salaries of office workers in different industries throughout New York. Montgomery Ward illustrated catalog shows prices of doors, windows, cabinets, stairs, glass, lumber, tile and more. Hourly wages for construction workers by occupation, state and town, 1938. You may also want to account for capital gains tax, which would take your real return down to around $272 for most people. Data was originally published in the Industrial Bulletin of the State Department of Labor. Source: Appraisers and assessors manual, p. 478. Describes the average wages earned per hour and week and is divided by industry and class of worker. Virginia: Richmond Table 9 and Table 10 If the line is mostly flat but has a bit of wiggle in 1933, that probably means the currency was linked to gold (without the wiggle) during that time. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Source: BLS Source: BLS, Shows average hourly wages for a variety of occupations and industries throughout Yugoslavia. Capital controls were imposed beginning in April 1933. 19.25. Tells wages in agriculture, manufacturing and construction jobs with breakouts by sex and Arab/Jewish. S&P 500 Global Services PMI increased from 46.8 in January to 50.6 in February, while ISM Non . These numbers are not inflation adjusted, so they are considered nominal. A pack ofcigarettes (20-count) cost about 14 in 1935. 551. Also includes information on overtime pay. Shown in both Finnish and US currency. Michigan: Detroit Table 9 and Table 10 Values are generally expressed as .s.d., or else l.s.d., as in 12 10s. Shows montlhy wages by industry, including. Source: BLS Monthly labor review, Oct 1930, pp. Table shows wages by class, sex, and location of worker. This U.S BLS source, Trend of Employment shows average wages and hours of work by industry, mainly for manufacturing industries and for construction jobs. Source: BLS Monthly Labor Review, March 1932, Shows the average daily wages for mining workers in Greece. . Missouri: St. Louis Table 9 and Table 10 Month average. Source: Shows the value of multiple currencies in US dollars in the years of. The current inflation rate compared to last year is now 6.41%. Annual Rate, the Bureau of Labor Statistics CPI. 295-297, Amusements (entertainment industry), pp. 628. or twelve pounds, ten shillings and . Table 8 shows average salaries of instructional staff (principals, supervisors and teachers) for every state in every year from 1929-1946. Reports prices in U.S. cents using exchange rates in effect at the time. Shown in both Danish and US currency. Please help update this article to reflect recent events or newly available information. Exchange rate to American dollars is provided. For more details on the S&P 500 between 1930 and 2023, see the stock market returns calculator. Shows prices and annual expenditures for purchases in categories. The devaluation of the British pound after floatation in 1914 is not really apparent here due to forex capital controls during wartime. Select Year: Minimum wage for teachers by state and race, 1930s, By the late 1930s, twenty states had minimum wage laws for teachers. Several other countries used the pound as their currency, but did not use shillings and pence. by SEX Source: U.S. Women's Bureau Bulletin #106. Clerical workers' earnings, North Atlantic region, 1934-36, Coal mining - Hours and earnings, 1919-1933, Cooks on passenger ships based in Boston, 1929-1930, Doctors (physicians and dentists) income, 1939-1976, Instructional staff salaries by state and race, 1939-1940, Rural teacher salaries by state, 1925-1935. Source: BLS Monthly Labor Review, July 1930, Printing and publishing: books, pp. See pages 11-55 in the 1931 U.S. Dept of Labor. This is not about gasoline, but was the sort of gas commonly used in residences for cooking and heating water. From: Please enter the From date. -- Daniel Starch, Ph.D., writing in 1930 (Source), Food Table 9 shows prices for corn flakes, macaroni, rice, bread, flour, fish, meats, dairy, eggs, fruit, fresh and canned fruits and vegetables, coffee, tea, sugar, lard, margarine, shortening. Money disbursement is the measurementofhow much money people make as well ashow they spend that money. Source: BLS, Shows the average weekly wages for a variety of occupations in Norway as well as in the capital of Oslo. Inverse rate: USD to GBP. HOUSING, LANDand UTILITIES Massachusetts: Fall River Table 9 and Table 10 Source: BLS, Shows the average hourly wages of industrial workers in and outside of Copenhagen by both gender and skill. The most favorable exchange rate for the current 7 days, was $2,339.31. North Carolina state government publication shows average hours and wages for employees in all the major industries, including furniture manufacture, tobacco factories, retail establishments, textile mills, and more. The German government issued a decree establishing a complete war economy on September 3, 1939 (Kriegsverpflichteten Wirtschaft). This study covered the Missouri counties of Pemiscot, Dunklin and New Madrid only. Safe haven: The United States dollar is considered a safe haven currency. (Click image for detail), "75 Years of American Finance: A Graphic Presentation 1861-1935" 59-71. Compare these numbers to the US's overall absolute change of $16.91 and total percent change of 1,691.44%. New York City Table 9 and Table 10 View GBP / USD Graphs. This link leads to the first page of the index to the 1936 Sears Catalog. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Foreign Exchange Rates, 1913-1941: Just Looking At the Data New York: Newark Table 9 and Table 10 Indiana: Indianapolis Table 9 and Table 10 Source: BLS, Pages 663-681 details the state of wages throughout Austria in the early stages of the Great Depression. by STATE Indicates wages for jobs such as mates, engineers, radio operators, cooks and more. Belgium did not follow the British pound devaluation in 1931. Does not include living expenses (room and board). Currency Converter. Table 26 shows wages for laborers with board for every year from 1780-1937; the. Amounts are expressed in American dollars with currency conversions cited for all foreign monies. This website uses cookies so that we can provide you with the best user experience possible. Wages are shown in both US and Polish currency. Shows the average monthly wages for selected occupations in Sao Paulo, Brazil. Tables of historical exchange rates to the United States dollar. During the U.S. devaluation in 1933, Brazil follows the U.S. dollar lower, maintaining almost-fixed exchange rates. Contents Overview 4 8s. Amounts are expressed in American dollars with currency conversions cited for all foreign monies. Illinois: Chicago Table 9 and Table 10 Source: BLS, Tells wage averages by industry and sex. As befits a country that had just experienced a hyperinflation, Austria did not follow the British pound lower in 1931. The peso here provides an interesting view because it is apparently a freely floating rate, while it seems that a lot of forex rates were heaving managed using capital controls during that wartime period. Shows the average weekly wages for a variety of occupations and industries in New Zealand. A sovereign was a gold coin worth one pound and a paper note of the same value was called a "quid." A guinea is 1 1s. Tables shows the average monthly wages for seamen in countries including Australia, Great Britain, Norway, the Netherlands, Greece, India, China, France, Germany, the United States and others. Some of the data for 2003 refers to rates on May 28 for countries beginning with A-E, and June 2 for countries listed F-Z. Source: BLS Monthly Labor Review (June 1931), Shows the average weekly wages of NY factory workers every month over a 14 year period. Source: Pages 681-688 details the state of wages throughout Greece in the early stages of the Great Depression. Source: BLS Monthly Labor Review, Dec 1933, Shows the average daily wages or workers 16 years or older in Japanese-occupied Korea. Mainly covers cotton textiles, shoes and paper industries. 789. Shows wage rates alongside a price index of common items. 289-295, Glass, clay and stone industry occupations, pp. Average wages, hours and earnings by occupation and sex and by sex and district. The rate was fixed to the British pound, and there was no national Australian currency until 1910. . 3.85. Canada's exchange rate is within pennies of the USD, Australia was approx .05 higher than Britain. South Carolina: Charleston Table 9 and Table 10 Source: U.S. Dept. Note: this report also contains a great deal of interesting detail on the size, material, condition and amenities available in farm homes. Gasoline cost an average of 18.6 per gallon in rural areasin 1939. A crown is five shillings (5/-). Describes the average wages earned per hour and week and is divided by industry, including woodworking, metal, and textiles, and class of worker. Source: BLS, Shows the wages and hours worked of spinners, weavers, and loomers. Check the. Conversion Rate (Buy/Sell) USD/GBP = 1.2027061. There were a lot of capital controls during wartime and soon afterwards. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Source: BLS Monthly Labor Review, February 1935, Shows average hourly wages for 7 different occupation throughout Hungary. Source: BLS Monthly Labor Review, Dec 1939, Shows the average daily wages in Mexican textile manufacturing for men, women, and minors.
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