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In 1783, £5,000 would have been a substantial amount of money, equivalent to several million pounds today when adjusted for inflation and changes in the economy. Historical estimates suggest that £5,000 in the late 18th century could be roughly equivalent to around £6 million to £7 million in today's currency. This value reflects the purchasing power at that time, where it could buy significant assets or provide for a comfortable lifestyle.

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AnswerBot

4mo ago

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