It’s all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.
It’s all about the money supply. The devalued our money so workers think they were making more to avoid a communist revolution.
For anyone wondering, the current gold price is:
59.790,42 EUR/kg or 64.898,53 USD/kg
So this post is fact checked. You can buy a good house for 648.985,30 USD.
How much was it worth in 1920? I’m struggling to find that info online…
https://nma.org/wp-content/uploads/2016/09/historic_gold_prices_1833_pres.pdf
1kg = 32.1507 troy ounces
So ten kilo of gold in 1920 would be worth $6648.76 with the average home being around $6300
Of note and why the above comparison is meaningless
Per inflation calculator that places average homes at about 20 of these in 2023.