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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: 6079870, member: 31286"]Read up - a lot of them were sponsored. They promised crops, resources, even future labor in exchange for the loans they needed to buy those oxen and wagons. And in every oxen and wagon were a whole lot of people. Friends, brothers and sisters, strangers who promised to help them establish a homestead. So you would have to consider many, if not most of those people moving west as pooling whatever wealth and promise they could to get a group of people West. And what percentage of Americans do you suppose were able and willing to do that? Yes, it was a lot people, but not so many in terms of total population. Empirical examples of a relatively small percentage of the population is not evidence that "most" people were able to save money. However, lest I be misunderstood, I am also in total awe of those who left everything they knew and took a huge risk to move West. In the end, a few made out well, but many did not. So, that is actually one of the reasons I am in awe of what they did. Were you thinking that they all made it? Even to their destinations, let alone to financial independence? Oh my.[/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 6079870, member: 31286"]Read up - a lot of them were sponsored. They promised crops, resources, even future labor in exchange for the loans they needed to buy those oxen and wagons. And in every oxen and wagon were a whole lot of people. Friends, brothers and sisters, strangers who promised to help them establish a homestead. So you would have to consider many, if not most of those people moving west as pooling whatever wealth and promise they could to get a group of people West. And what percentage of Americans do you suppose were able and willing to do that? Yes, it was a lot people, but not so many in terms of total population. Empirical examples of a relatively small percentage of the population is not evidence that "most" people were able to save money. However, lest I be misunderstood, I am also in total awe of those who left everything they knew and took a huge risk to move West. In the end, a few made out well, but many did not. So, that is actually one of the reasons I am in awe of what they did. Were you thinking that they all made it? Even to their destinations, let alone to financial independence? Oh my.[/QUOTE]
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