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20000 ears of corn from the year 1817 would be worth nothing today as they would have rotted away.
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How much would one guinea of 1877 be worth today?
The British gold One Guinea coin was last minted in 1813. It was effectively replaced by the gold Sovereign coin in 1817. The Guinea had a face value of 21 Shillings or, One Pound and One Shilling (in predecimal currency). Although the coin no longer exists, the value remains in use, and is often used to value antiques and racehorses amongst other things, but is not used in day to day commerce. One Guinea GBP in 1877 had the purchasing power of about £65.86 GBP today. One Guinea GBP in 1877 had the purchasing power of about €74.62 EUR 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.
What was the value of gold in the 1830s?
The price of gold was controlled by governments for many decades up till the time of the Great Depression. In the US, the price was $19.39 per troy ounce almost every year from 1792 to 1833, including 1830. The only exceptions were the years 1814-1817 when its price was allowed to increase to as much as $22.16 per troy ounce.Keep in mind, though, that a dollar in 1830 bought much more than a dollar in the 21st century. Because so much has changed in 2 centuries it's almost impossible to make a direct comparison, but using a basket of different measures, a dollar in 1830 would today buy very roughly the equivalent of:$30 of common household goods$215 of unskilled labor$515 of skilled labor
What is the implication for free trade of the theory of comparative advantage?
Under the theory of comparative advantage two nations that each have a cost advantage in the production of a specific product would both benefit from free trade by selling to each other since the total output of both nation's products sold would increase. The mathematical theory of comparative advantage was formalized by David Ricardo in 1817 and hence became known as the "Ricardian model." Economists have long debated the usefulness of the comparative advantage model in the real world since it is counter-intuitive to many people due to the fact that the model is based on two countries producing only two goods and only one factor of production (such as labor). In addition, the model computes comparative cost advantages based on which nation produces goods at a lower opportunity cost which implies that a nation would have to forgo the production of other goods in order to achieve the lowest comparative advantage. Many economists and student of foreign trade prefer to use the theory of absolute advantage in production which is easy to understand since it is intuitive. Under the absolute advantage theory two countries that each produce a particular good at a much lower cost than the other would both become wealthier as they increased production to sell their goods to each other.
Who wanted to ship greed slaves back to Africa as a means to end slavery?
Paul Cuffee, a wealthy mixed-race New England shipowner and activist, was an early advocate of settling freed blacks in Africa. He gained support from black leaders and members of the US Congress for an emigration plan. In 1811 and 1815-16, he financed and captained successful voyages to British-ruledSierra Leone, where he helped African-American immigrants get established.[4] Although Cuffee died in 1817, his efforts may have "set the tone" for the American Colonization Society (ACS) to initiate further settlements.
What was the economic reason for abolishing slavery?
One of the most important inventions in American history, was the cotton gin which made taking seeds out of cotton 50 times more effective than by hand. Thus, slaves were "needed" by the south to pick the cotton to fit the fast pace of the cotton gin. In fact, right before the cotton gin's invention, slavery was on the decline. Cotton in the south of the united states became a one crop economy, as 50% of all the exports of the United states, which was unheard of.
How much is a James Madison gold dollar coin dated 1809-1817 worth?
If you got it from a bank or in pocket change it's just a dollar. This is one of the Presidential Dollar coins that is in circulation today. This coin was minted in 1809-1817. 1809 - 1817 is worth 754,000
How much is a 1809-1817 silver dollar worth today?
The James Madison Presidential dollar is made of brass, not silver, and is worth one dollar.
How much did the US spend to purchase Florida in 1817?
$5 million, which is a good deal even when it is converted to how much the dollar is worth today. ($17 million today)
How much is a dollar coin from 1817 worth?
Sorry, no US dollar coins dated 1817
How much is a Mississippi 1817 mint d is worth?
1817 is the year Mississippi became a state. The Mississippi state quarter was minted in 2002, and is worth 25 cents.
How much is a Remington model 1817 military rifle worth?
No such model made.
How much is a 1817 1825 James monroe golden coin worth?
One dollar.
How much is a Rex 1817 coin worth?
You need to provide the denomination, along with the estimate of the condition. All you've done is told us you have a "King" coin dated 1817.
How much is a 1817 gold dollar coin worth?
No U.S. one dollar gold coins were made in 1817. The first was issued in 1849. Look at the coin again and post new question.
What is a 1817 US half dollar coin worth?
$70 to $65,000 depending upon the condition of the coin.
How much is a trade dollar from 1817 worth?
Check that coin again. The first trade dollars were minted in 1873.
How old is Sir Theophilus Shepstone?
Sir Theophilus Shepstone was born on January 8, 1817.
