The Value of $5
Unfortunately, Depression era stories have particular resonance right now. A philanthropist from Canton, Ohio, gave away money anonymously, usually in the form of just $5, to those in need in the 1930’s.
On Friday, many of the living recipients of those gifts, gathered to talk about what those small gifts meant to them, reports the NYT. They were brought together by the donor’s grandson, Ted Gup, who discovered their letters in an old suitcase. Gup, a journalist, also used the letters as a basis of a book.
Most libraries own the hardcover; few have ordered the audio or the large type versions.
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Large Print; Center Point; 9781602859258; 12/01/10
Random House Audio; 9780307578037; 11/09/10
November 9th, 2010 at 5:09 pm
The Federal Reserve has a calculator that shows what the value of a dollar.
If in (year), I bought
goods or services for $ x
then in (year), the same
goods or services would cost $
If you enter in 1935 and $5 and put the what the value would be in 2010 it would be $80. You have to remember that their $5 was not our $5.