How much was 500000 in 1847 worth today?

Answer 1

Assuming you mean US $, 500,000 in 1847 would be worth almost $ 15 million today. That is simple, basic purchasing power. But there are big differences in value differences depending what you compare it with. Wages and savings for one were much lower in real, purchasing power terms. And compared to what people in total had on the bank back then (that 500,000 compared to the nation's total wealth as it was in 1847) someone with a capital of $ 500,000 would be considered as rich as today someone with a net value of 3.5 billion .