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How much was a gold $20 Double Eagle worth in the late 1800s?
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<p>[QUOTE="fiddlehead, post: 6076029, member: 31286"]Really? Are you serious. "most people don't spend all of their pay" . geez, do some research. "most people" don't have shit for savings and they even had less in the 19th century. American citizens are wealthier than they have ever been and half the country can't raise $2000 in an emergency. "Most" People in the 19th century lived in poverty, few had any savings. Real wages were even less than today. Ever heard of the "shirt waist fire?" Do you suppose those women were working 12 hours days for about $1 a day in 1911 because they wanted to save money. No, they wanted to pay the rent and eat (and yes, they paid rent, they didn't own shit). Sometimes it astounds me what people think people's lives were like in the "good old days." My father, who grew up in the 30's, who worked every day of his life, tells me stories about getting an orange for xmas (That's right, ONE ORANGE) and trading last year's presents with his sisters. A harmonica was a treasured thing. Most people didn't own property, most people, even in the city didn't have indoor plumbing. Geez! A twenty dollar gold piece was a fortune. That's why there are so many in AU and better condition.</p><p><br /></p><p>BTW, home ownership by American Families didn't crack 50% until after WWII. So, other than in rural America where I might assume the rate was a bit higher - although there were many sharecroppers - not many people were able to save enough to make the downpayment on a home. And realize as well, that owning an automobile was quite a luxury up until WWII and the suburbanization of America - i.e., "Levitwown" (sp?)[/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 6076029, member: 31286"]Really? Are you serious. "most people don't spend all of their pay" . geez, do some research. "most people" don't have shit for savings and they even had less in the 19th century. American citizens are wealthier than they have ever been and half the country can't raise $2000 in an emergency. "Most" People in the 19th century lived in poverty, few had any savings. Real wages were even less than today. Ever heard of the "shirt waist fire?" Do you suppose those women were working 12 hours days for about $1 a day in 1911 because they wanted to save money. No, they wanted to pay the rent and eat (and yes, they paid rent, they didn't own shit). Sometimes it astounds me what people think people's lives were like in the "good old days." My father, who grew up in the 30's, who worked every day of his life, tells me stories about getting an orange for xmas (That's right, ONE ORANGE) and trading last year's presents with his sisters. A harmonica was a treasured thing. Most people didn't own property, most people, even in the city didn't have indoor plumbing. Geez! A twenty dollar gold piece was a fortune. That's why there are so many in AU and better condition. BTW, home ownership by American Families didn't crack 50% until after WWII. So, other than in rural America where I might assume the rate was a bit higher - although there were many sharecroppers - not many people were able to save enough to make the downpayment on a home. And realize as well, that owning an automobile was quite a luxury up until WWII and the suburbanization of America - i.e., "Levitwown" (sp?)[/QUOTE]
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