Probably about $ 12- 13 millions.
70,000 dollars
The Australian Colonies were using the British currency in 1850 and Australian Dollars did not become the Australian currency until 1966. Five Pounds GBP in 1850 had the purchasing power of about $698.56 AUD today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
on average for a bucket 16 dollars
One Shilling GBP in 1850 had the purchasing power of about £3.83 GBP today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
Twopence GBP in 1850 had the purchasing power of about £0.64 GBP today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
$27.29 million dollars
70,000 dollars
246388651.64 Source: http://www.westegg.com/inflation/infl.cgi
Ok. Imagine what you can get for $1 today. Mabye a candy bar. Back then you could get 20 candy bars for your dollar.
1000 dollars
In 1850, a pound was worth the equivalent of 94.12 pounds today. In 1890, it was worth slightly less.
at a rate of 3%p.a, the future value of $3000 would be $329,791.90
In 1850, one dollar could buy about $25.00 worth of goods and services we can buy today.
The Australian Colonies were using the British currency in 1850 and Australian Dollars did not become the Australian currency until 1966. Five Pounds GBP in 1850 had the purchasing power of about $698.56 AUD today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
"Victorian times" covered the period 1937 to 1901, so we will pick 1850. 15 Shillings GBP in 1850 had the purchasing power of about £57.40 GBP today.
One Shilling GBP in 1850 had the purchasing power of about £3.83 GBP today. One Shilling GBP in 1850 had the purchasing power of about $6.25 USD today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
All of today's birds existed in 1850.