It all depends what your money can buy. In the old German Democratic Republic there was a joke about a party spokesman lecturing to students.
"The GDR has caught up with the West. For example, here a kilo of jam costs two marks, and in West Berlin a kilo of jam also costs two marks."
"But a shirt in the GDR costs fifty marks while the same shirt in West Berlin costs ten marks."
"Well, think how much more jam you can get for your shirt here compared with the West!"
Gavin Ross
----- Original Message -----
From: Sidney Tyrrell
To: [log in to unmask]
Sent: Tuesday, January 22, 2008 9:48 AM
Subject: Re: history questions
Try "How Much is that?" at http://www.measuringworth.com/ukcompare/ part of The Economic History website, which is great fun.
It computes the relative value of a UK pound 1830 - 2006. You can do the last 2 years with the RPI.
I put in £1 for 1880 and got out the following:
In 2006, £1 0s 0d from 1880 was worth:
£68.46 using the retail price index
£97.38 using the GDP deflator
£496.64 using average earnings
£610.30 using per capita GDP
£1,067.02 using the GDP
Sidney
_____________________________________________________________________________________________________________________________
(Mrs) Sidney Tyrrell ext 8575
Armstrong Siddeley 316
National Teaching Fellow 2003
Faculty of Engineering and Computing
Coventry University CV1 5ED
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From: email list for Radical Statistics [mailto:[log in to unmask]] On Behalf Of Tony Greenfield
Sent: 21 January 2008 16:40
To: [log in to unmask]
Subject: history questions
Dear Radstats,
I feel sure that among all readers of this mail, there will be some who can help.
My wife is writing a history of local villages (the Hucklows in the Peak District) and needs to know:
1.. In the 1880s to early 1900s, there were national education standards 1 to 6. How were these specified or described?
b.. What was the value of currency in the 1880s relative to 2008?
Many thanks for any replies
Tony Greenfield
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