Wednesday, July 08, 2020

Measuring worth

All historians are concerned at times with evaluating past prices and wages. If someone on Captain Cook's ship, or someone joining the BBC in the 1930s, earned a hundred pounds, what does this quantity of money mean.

The question is always delicate. The 18th century sailor did not need to pay phone bills or have a motor car. The 1930s BBC manager was not obliged to pay tuition fees for his daughters and sons to go to university.

Still, a good understanding can be gleaned from this impressive website, run by established historians and economists


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