answersLogoWhite

0


Best Answer

$1000 in 1970 has the same buying power as $5,441.83 today.

Source: http://data.bls.gov/cgi-bin/cpicalc.pl

In relation California realty its an order of magnitude off....

User Avatar

Wiki User

โˆ™ 2010-06-24 06:58:45
This answer is:
User Avatar
Study guides

Economics

20 cards

How long does it take for a check to clear

Are chemicals safe

How could the federal reserve encourage banks to lend out more of their reserves

What is M2 today

โžก๏ธ
See all cards
4.12
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
65 Reviews

Add your answer:

Earn +20 pts
Q: What is the value of a 1970 dollar in todays dollars?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

If something was worth 100000 dollars in 1971 what would it be worth today?

It would cost more. Let's just say that cars back in the 1930s were about $1,000 because we didn't have the money that we have today. Now that we have more money, prices go up. It's all politics. here is a page with a converter http://www.measuringworth.com/ppowerus/ they only go up to 2007 though according to them a 1970 dollar is worth about 5.34 in 2007 Well 5.24*100,000=534,000


What was the price of gum in the 1970's?

$0.99


What was the price of a pack of gum in 1970 1971 1972 1973 1974 1975 1976 1977 1978 and 1979?

$1.00


Average income in the 1900s in America?

In 1900 the average of all industries was about $438 per year. In 1910, that increased to $574 a year. In 1920- $1407/year. In 1930 $1388/year. 1940-$1315/year. 1950-$3180/year . 1960-$4816/year. The year of 1970 is not available on usembassy's website. 1980-$15757/year. 1990-$23602/year.


What made globalization possible?

Improved transport, making global travel easier. For example, there has been a rapid growth in air-travel, enabling greater movement of people and goods across the globe.Containerisation. From 1970, there was a rapid adoption of the steel transport container. This reduced the costs of inter-modal transport making trade cheaper and more efficient.Improved technology which makes it easier to communicate and share information around the world. E.g. internetGrowth of multinational companies with a global presence in many different economies.Growth global trading blocks which have reduced national barriers. (e.g. European Union, NAFTA, ASEAN)Reduced tariff barriers encouraging global trade. Often this has occurred through the support of the WTO.Firms exploiting gains from economies of scale to gain increased specialisation. This is an important feature of new trade theory.Growth of global media.Global Trade Cycle. Economic growth is global in nature. This means countries are increasingly interconnected. (e.g. recession in one country affects global trade and invariably causes an economic downturn in major trading partners.)Financial system increasingly global in nature. When US banks suffered losses due to sub-prime mortgage crisis, it affected all major banks in other countries who had bought financial derivatives from US banks and mortgage companies.Improved mobility of capital. In past few decades there has been a general reduction in capital barriers, making it easier for capital to flow between different economies. This has increased the ability for firms to receive finance. It has also increased the global interconnectedness of global financial markets.Increased mobility of labour. People are more willing to move between different countries in search for work. Global trade remittances now play a large role in transfers from developed countries to developing countries.

Related questions

What was the value of a dollar in the 1970's?

One dollar in 1970 was valued at $0.17 in 2011 dollars. Essentially what cost you $1 in 1970 would have cost you $5.71 in 2011 to purchase.


What is the value of a1976 us half dollar?

Before 1970, half dollars had silver in them, but in 1970, they used no silver in the coins, so it is worth only $0.50.


What is the value of 1000 dollars in 1970 compared to 1000 dollars today?

$1000 in 1970 was equal to $6,202.24 in 2016 dollars.


What is value of 1965 us half dollar?

U.S. half dollars dated 1965-1970 contain 40% silver and are currently worth about $3.


1967 half dollar value?

U.S. half dollars minted 1965-1970 contain 40% silver and are currently worth around $4.50.


What is half dollars dated 1970?

The U.S. 1970-D Kennedy half dollar was not released for circulation.


What is the value of a 1970 Susan B. Anthony dollar?

Please check again and post a new question. Anthony dollars were minted in 1979-81 and 1999. No US $1 coins were minted in 1970.


What is the value of 1970 baseball register?

Ten to fifteen dollars.


What is the value of 1970's Canadian Silver Dollar?

Unless it is unusual it is worth about one dollar. 1970 dollar coins were actually made of nickle from 1968 to 1987.


What is the value of a 1970 ruble?

The value of 1970 ruble is 1-4 dollars depending on quality. But still it's cool coin :)


Was a US silver dollar minted in 1970?

No, Ike dollars were first issued in 1971.


What are liberty dollars worth from 1970 to 1978?

No such thing as a "Liberty Dollar" and no U.S. dollar coins dated 1970 exist. Eisenhower dollars were struck from 1971 to 1978. All of them that were released into circulation do not contain any silver. Only Uncirculated, Proof or special 40% silver collector's coins of this series have more than face value.

People also asked