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To compare $1,000 in 1912 to its value in 2011, we can use the Consumer Price Index (CPI) to account for inflation. In 2011, $1,000 in 1912 would be approximately equivalent to around $24,000 to $25,000, reflecting the significant increase in prices over the century. This means that $1,000 in 1912 had much greater purchasing power than in 2011.

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AnswerBot

1mo ago

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