{"id":70,"date":"2005-12-12T23:07:31","date_gmt":"2005-12-13T06:07:31","guid":{"rendered":"http:\/\/outflux.net\/blog\/archives\/2005\/12\/12\/historical-exchange-rates\/"},"modified":"2005-12-12T23:12:43","modified_gmt":"2005-12-13T06:12:43","slug":"historical-exchange-rates","status":"publish","type":"post","link":"https:\/\/outflux.net\/blog\/archives\/2005\/12\/12\/historical-exchange-rates\/","title":{"rendered":"historical exchange rates"},"content":{"rendered":"<p>Tonight I discovered that finding out the historical worth of money is a little tricky to calculate.  :)  On <a href=\"http:\/\/en.wikipedia.org\/wiki\/Hercule_Poirot\">Poirot<\/a> tonight, he bought 19 pairs of silk stockings in order to trap a thief.  The clerk kept warning him that they were &#8220;very expensive&#8221;.  The final bill was 35 shillings per pair.  I thought this was rather odd that a value not involving pounds would be considered &#8220;very expensive&#8221;.  Feeling very detective-oriented, I had to investigate.<\/p>\n<p>First of all, I found a nice conversion chart for <a href=\"http:\/\/web.staffs.ac.uk\/schools\/humanities_and_soc_sciences\/resprac2\/oldmoney.htm\">British currency<\/a>.  35 shillings is 1.75 pounds.  The story took place in roughly 1928, but that doesn&#8217;t change the shillings calculation because even after the decimalization in 1971, shillings and pounds kept their 20-to-1 ratio.<\/p>\n<p>Trying to find &#8220;current worth&#8221; of historical monies was a little more difficult.  I found the <a href=\"http:\/\/eh.net\/hmit\/\">How Much Is That?<\/a> site, and it seems that 1.75 pounds is worth about $95 in present day.  Good stockings are about $15 a pair now, and since <a href=\"http:\/\/en.wikipedia.org\/wiki\/Nylon\">nylon<\/a> was invented in 1935, it doesn&#8217;t seem unreasonable that good stockings would be about 10 times more expensive in 1928.<\/p>\n<p style='text-align:left'>&copy; 2005, <a href=\"https:\/\/outflux.net\/blog\/\">Kees Cook<\/a>. This work is licensed under a <a rel=\"license\" href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/4.0\/\">Creative Commons Attribution-ShareAlike 4.0 License<\/a>.<br \/><a rel=\"license\" href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/4.0\/\"><img decoding=\"async\" alt=\"CC BY-SA 4.0\" style=\"border-width:0\" src=\"https:\/\/i.creativecommons.org\/l\/by-sa\/4.0\/88x31.png\" \/><\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tonight I discovered that finding out the historical worth of money is a little tricky to calculate. :) On Poirot tonight, he bought 19 pairs of silk stockings in order to trap a thief. The clerk kept warning him that they were &#8220;very expensive&#8221;. The final bill was 35 shillings per pair. I thought this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/posts\/70"}],"collection":[{"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/comments?post=70"}],"version-history":[{"count":0,"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/posts\/70\/revisions"}],"wp:attachment":[{"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/media?parent=70"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/categories?post=70"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outflux.net\/blog\/wp-json\/wp\/v2\/tags?post=70"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}