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In 1862 the United States passed a law known as "The Legal Tender Act" as a part of this law was 'the Parity Act" which stated in relevant part that all legal tender will hold the face value of the note. So in essence a dollar in 1933, 1950 and in todays money is still worth the same because 'law' says it MUST be. The buying power of that money however does change, in 1950 a loaf of bread cost $0.14 per loaf today it would cost $2.00 per loaf (avg) - so if we use that buying power as a guide the dollar in 1950 was worth 7.5 dollars in 2009 (simplified). Source: 73D Congress 1st session report #43 (1933)

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14y ago
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9y ago

One dollar today is equal to about twelve cents in 1950. In other words, one 1950's dollar would buy as much as $8.33 will today.

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8y ago

3 million dollars in 1950 was worth about $29.5 million in 2015.

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12y ago

Approximately $9.5 million dollars.

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12y ago

A lot of frackling money!

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13y ago

100times 8.33 dollars=833 dollars

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Wiki User

7y ago

$6,202,242.27 in 2016

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3y ago

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Q: What would one million dollars in 1970 be worth today?
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