Mar

7

What’s that worth today?

Filed Under History, Social Studies 

One of the questions that always comes up in my history classes is “How much is that in today’s money?” If you find out that a bridge cost a million dollars to build in 1950, how much would that have cost today?

Well, it’s not a perfect solution, but you should try the Inflation Calculator at the Bank of Canada’s website. This neat little tool allows you to convert any amount of money from 1914 onwards into today’s dollars. It doesn’t cover issues like uneven rates of inflation or even countries other than Canada, but if you’re working in Canadian history, this is a nifty little site.

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One Response to “What’s that worth today?”

  1. An embarassment of riches : Befuddled on March 26th, 2008 8:29 am

    [...] and then the kids wondered what that would be worth today? Well, a long time ago I discovered a Canadian site that would help figure out how much something in the past would cost today after inflation was [...]

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