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To do this you will want to visit www.bls.gov. This is the government site, The Bureau of Labor Statistics.

You would then want to locate the Consumer Price Index (CPI) for both 1845 and the latest published CPI. However, as of right now, the BLS is only reporting a CPI as far back as 1913. I will use this CPI, if you are provided with the value for the 1845 CPI, replace that where the 1913 CPI is in the equations. I will be using the Annual Average CPI of both years, provided by the BLS.

$20,000 (CPI in 2009/CPI in 1913)=present value

$20,000 (214.537/9.9)=433,408.08

So, $20,000 of 1913 dollars is the same as $433,408.08 of 2009 dollars.

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Q: How much would 20000 dollars in 1845 be in todays dollars?
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