answersLogoWhite

0


Best Answer

According to the inflation chart at the link shown below, the inflation value of money from 1874 to 2008 is 24.209, therefore $5.00 would buy the same thing then that $121.045 would buy today.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar
More answers
User Avatar

Anonymous

Lvl 1
3y ago

fourteen thousand dollars

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What was 5 dollars worth in 1874 compared to today?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

When was Bank of Queensland created?

Bank of Queensland was created in 1874.


How much is a San Francisco mint 1874-1937 treasury department US coin?

About $25


What is the value of a 1928 US 5 dollar gold certificate?

The US didn't print any gold-backed $5 bills after 1874. All 1928 $5 bills were issued as red-seal United States Notes.If your bill has the words United States Note across the top but the seal appears to be gold or yellow, it may have faded or been exposed to chemicals.If your bill was printed by a private bank, please post a new question with that information. If possible include a description of the images on the bill.


Who are greenbacks?

They were also known as the Independent Party, the National Party, and the Greenback-Labor Party. They started in 1874 and were defunct by 1884. Their name was in reference to the use of paper money ("greenbacks") that had been issued during the American Civil War and afterward. They were against shifting from paper money back to a specie-based monetary system. They felt that private banks and corporations would then reacquire the power to control costs and labor. They felt that government control of the monetary system would allow it to keep more currency in circulation because that method had worked during the Civil War. Founders were mainly the farmers who were financially hurt by the Panic of 1873.The Greenback Party was founded in Indianapolis, Indiana. In 1878, it was a huge force in 21 independents being elected to Congress. In 1880, the Greenback Party also advocated an income tax, an eight hour day, and women's suffrage.