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How much was a gold $20 Double Eagle worth in the late 1800s?
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<p>[QUOTE="Gam3rBlake, post: 6076424, member: 115909"]You're forgetting one BIG thing:</p><p><br /></p><p>People back then were MUCH more fiscally responsible than people today.</p><p><br /></p><p>Just because people today don't bother saving doesn't mean squat.</p><p><br /></p><p>Back then they did.</p><p><br /></p><p>Sure people may have made a lot less money but they were also much more frugal.</p><p><br /></p><p>How do you think all those cowboys were able to afford $20 pistols and $40 rifles?</p><p><br /></p><p>It's because they saved up slowly and were able to accumulate enough money to buy one.</p><p><br /></p><p>Same with the pioneers who took the Oregon Trail west. A fully loaded % provisioned wagon with four oxen cost $500. The people who followed the trail were considered "middle class" in their time. They weren't dirt poor but they weren't filthy rich. They saved for decades and used their life savings to make the trip.</p><p><br /></p><p>But they DID save.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 6076424, member: 115909"]You're forgetting one BIG thing: People back then were MUCH more fiscally responsible than people today. Just because people today don't bother saving doesn't mean squat. Back then they did. Sure people may have made a lot less money but they were also much more frugal. How do you think all those cowboys were able to afford $20 pistols and $40 rifles? It's because they saved up slowly and were able to accumulate enough money to buy one. Same with the pioneers who took the Oregon Trail west. A fully loaded % provisioned wagon with four oxen cost $500. The people who followed the trail were considered "middle class" in their time. They weren't dirt poor but they weren't filthy rich. They saved for decades and used their life savings to make the trip. But they DID save.[/QUOTE]
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