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How much was a gold $20 Double Eagle worth in the late 1800s?
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<p>[QUOTE="panzerman, post: 6234496, member: 77704"]Those "settlers" that saved up $500 for their wagon/ oxen/ supplies where probably better off then most back in 1850s.</p><p>Back in those "Good Ole Days" the average American made just enough to cover the basic needs. For a factory worker in a Pittsburgh Steel Mill to save up $500-$1000 Dollars would have taken 20 years or more. It would be the same as an "Amazon" assembly line worker saving up to buy a 5 Million dollar house. Today, people have a lot of extra money left over to buy more extravagant goods and services, not at all in 1800-1899. Furthermore, why would a New Yorker save $1000 then risk her/ his life to trek across unknown territory, have to worry about getting robbed/ scalped/ dying from the elements.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> You could retire on a thousand dollars...[/QUOTE]</p><p><br /></p>
[QUOTE="panzerman, post: 6234496, member: 77704"]Those "settlers" that saved up $500 for their wagon/ oxen/ supplies where probably better off then most back in 1850s. Back in those "Good Ole Days" the average American made just enough to cover the basic needs. For a factory worker in a Pittsburgh Steel Mill to save up $500-$1000 Dollars would have taken 20 years or more. It would be the same as an "Amazon" assembly line worker saving up to buy a 5 Million dollar house. Today, people have a lot of extra money left over to buy more extravagant goods and services, not at all in 1800-1899. Furthermore, why would a New Yorker save $1000 then risk her/ his life to trek across unknown territory, have to worry about getting robbed/ scalped/ dying from the elements.:( You could retire on a thousand dollars...[/QUOTE]
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How much was a gold $20 Double Eagle worth in the late 1800s?
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