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Discontinuing of the one cent coin.
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<p>[QUOTE="scottishmoney, post: 1538025, member: 12789"]It is a bit challenging to compare relative values, the results can be skewed by norms, exceptions etc. For one thing, child labour was much more the norm in 1902, not to mention that women were also paid substandard wages. Most people were not cranking out Ford Model T's albeit a bit later, rather they were labouring in mills, sweatshops etc. Immigrants were paid substandard wages, more so then than now. Let us not forget that many people were labouring and living in "company towns" where their wages were paid in scrip - I remember in high school our custodian coming into our history class and talking about growing up in Alabama in the 1930s and not even seeing real money until he joined the army in WWII. The old saying "I owe my soul to the company store" or a variation thereof is not unusual.</p><p><br /></p><p>So 25 X face value for a relative association might be a bit of a stretch when you factor in those variables that often are overlooked in the early 21st century.[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 1538025, member: 12789"]It is a bit challenging to compare relative values, the results can be skewed by norms, exceptions etc. For one thing, child labour was much more the norm in 1902, not to mention that women were also paid substandard wages. Most people were not cranking out Ford Model T's albeit a bit later, rather they were labouring in mills, sweatshops etc. Immigrants were paid substandard wages, more so then than now. Let us not forget that many people were labouring and living in "company towns" where their wages were paid in scrip - I remember in high school our custodian coming into our history class and talking about growing up in Alabama in the 1930s and not even seeing real money until he joined the army in WWII. The old saying "I owe my soul to the company store" or a variation thereof is not unusual. So 25 X face value for a relative association might be a bit of a stretch when you factor in those variables that often are overlooked in the early 21st century.[/QUOTE]
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Discontinuing of the one cent coin.
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