How much was half a million sterling pound in 1792 worth today?

Answer 1

To determine the modern equivalent of half a million sterling pounds from 1792, one must account for inflation and changes in purchasing power over time. As of recent estimates, £500,000 in 1792 would be worth roughly £50 million to £60 million today, depending on the specific inflation index used. This significant increase reflects the dramatic changes in the economy and currency value over the past two centuries.